Gold imports from US to Switzerland surged in April

Gold imports to Switzerland from the United States more than doubled in April, reaching their highest levels since 2012, Reuters reports, citing Swiss customs data. According to the news agency, this significant increase followed the official exclusion of precious metals from the US import tariffs.

As Reuters notes, the previous months saw the opposite trend. From December through March, there was a large-scale outflow of gold from Switzerland and the UK to the United States. The current movement direction has flipped abruptly.

While imports from the US surged, Switzerland's gold exports to America plummeted nearly eight times. Meanwhile, shipments to the UK increased, according to the news agency. This rebalancing helped stabilize the precious metals market after a period of uncertainty.

Traditional gold consumers—China and India—recorded increased purchases in April, though volumes remain below last year’s levels, Reuters reports. Analysts surveyed by the news agency attribute this to the market’s ongoing adjustment to new trade conditions.