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Gold exports from Switzerland to Turkey at the peak of the last 9 years

According to Swiss customs data, gold exports to Turkey rose to the highest level since June 2013 in August.

Gold exports from Switzerland to Turkey rose to the highest level since June 2013 in August.

Exports from the country to China fell in August from a 5.5-year peak in July, according to Swiss customs data.

The decline in gold prices in recent months has led to an increase in sales to countries in Asia, where the demand for gold, which is one of the safe-haven investments, is higher from commercial warehouses in the USA and England, and where the decrease in prices generally creates appetite.

The fact that Switzerland is the world’s largest refining and transit center allows country data to provide insight into global market trends.

The data also showed that in August, Swiss gold imports from Russia reached the highest level seen since April 2020, with 5.7 tons of gold worth $320 million imported.

Swiss authorities stated that this gold came from England, even though it originated in Russia.

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