LONDON, April 22 (Reuters) - Switzerland in March recorded
its biggest monthly gold exports in ten months as shipments to
India leaped to their highest since 2013, underlining a revival
in Asian bullion demand, Swiss customs data showed on Thursday.
Switzerland is the world's biggest gold refining centre and
transit hub. Its numbers provide an insight into market trends.
The data points to India leading a recovery in demand in
Asia, the biggest gold consuming region, after a slump caused by
the coronavirus pandemic.
The data also suggests weak demand from investors in Europe
and the United States. A surge in exports to the United States
that began last year began to unwind in March as the country
sent far more metal back to Switzerland than it took in.
Following are numbers for March and comparisons.
SWISS TRADE DATA (KG)
EXPORT (kg)
Mar-21 134,726
Feb-21 102,900
Mar-20 96,197
To China To Hong To India To the To
Kong U.S. Britain
Feb-21 9,389 31 82,641 1,674 469
Jan-21 2,000 1,045 56,522 12,031 77
Feb-20 0 152 6,637 43,212 6,830
* Source: Swiss customs. Data subject to revision by source.
(Reporting by Peter Hobson;
Editing by Bernadette Baum)
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