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Switzerland's gold export surge highlights its U.S. trade dilemma
By Dylan Griffiths
Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, August 21, 2025
Swiss gold exports to the U.S. surged last month to the highest since March, underscoring the trade imbalance that prompted President Donald Trump to slap a 39% tariff on imports from the country.
Shipments of bullion from Switzerland, the biggest gold-refining hub, to America jumped to almost 51 tons in July, from less than 0.3 tons the previous month. This year's peak was recorded in January, when 193 tons of Swiss gold was shipped to the U.S.
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Record bullion exports worth more than $36 billion made up more than two-thirds of the small European nation's trade surplus with the U.S. in the first quarter, even though Swiss refiners capture only a little portion of the value of the commerce. Billions of dollars worth of gold is constantly flowing across its borders, from mines in South America and Africa to banks in London and New York. ...
... For the remainder of the report:
https://finance.yahoo.com/news/switzerland-gold-export-surge-highlights-075443791.html
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