21 November 2022The Chinese mainland remained the top recipient for re-refined high purity gold exports from the Swiss gold refineries in October which continued to see the yellow metal flowing from West to East. However volumes to India slipped while exports to Turkey remained at a high level. Article updated with country-by-country destination chart.
21 October 2022September's Swiss gold import and export figures show a continuation of flows from West to East with China, India and Turkey dominating and confirming recent reports on Bloomberg of resultant high premiums in some Asian markets.
27 September 2022The gold price may well be declining in U.S. dollars, but not so in many other currencies where perhaps undue dollar strength means the gold price has actually been increasing - and a good example is the UK where the gold price has risen 13% year to date, It has risen by a similar amount in the Japanese Yen and 9% in the Euro. It's an ill wind.....
23 August 2022July's Swiss gold export figures were much higher than for the previous three months and show that China returned, after a gap of several months, to being the top recipient that month, replacing India which dropped to fourth.
08 August 2022Latest SGE gold withdrawal figures put July comfortably ahead of those for the same month in 2021 indicating that Chinese gold demand is picking up nicely despite problems associated with lockdowns resulting from the nation's zero-Covid policies
08 July 2022Latest gold withdrawal figures from the Shanghai Gold Exchange for June show that the month's total has exceeded that of a year earlier suggesting China's gold demand is beginning to pick up, but cumulatively still remains well behind that of H1 2021.
04 July 2022The latest announcement of Swiss gold import and export figures has highlighted some significant changes in global gold movements in May. India moved into the top spot as the leading recipient of Swiss re-refined gold that month and China dropped back, while the figures also showed the anomalous receipt of 3.2 tonnes of apparently Russian sourced bullion.
03 June 2022April Swiss gold exports and imports have China again as the leading recipient of Swiss re-refined gold, but at a rather lower level than in the past, Indian imports also still remain subdued
11 May 2022China's April SGE gold withdrawal figures confirm a downturn in Chinese gold demand which, if taken with some similat trends elsewhere due to a resurgence in coronavirus infections could mean storm clouds ahead for gold.
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