From Reuters
Thursday, April 17, 2025

LONDON -- Gold, which traders have been flying to New York since December as a precaution against the possibility of broad U.S. tariffs hitting bullion imports, is being shipped back to Switzerland, where it came from, official data shows.

Swiss customs data today showed that the country's gold imports from the U.S. rose to a 13-month high of 25.5 metric tons in March, from 12.1 tons in February. Gold exports from Switzerland to the U.S. fell 32% month-on-month to 103.2 tons.

... Dispatch continues below ...

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U.S. warehouses approved by Comex, part of the CME Group, have seen eight consecutive days of gold outflows for the first time in 14 months, daily Comex data showed, as the U.S. futures premium wound down after major dislocation. ...

... For the remainder of the report:

https://www.reuters.com/markets/commodities/gold-starts-coming-back-switzerland-us-after-exclusion-trumps-tariffs-2025-04-17/ [2]

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