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China Is Ramping Up Swiss Gold Imports, Signaling Better Demand

  • Swiss flows to China were 80.1 tons in July, most since 2016

  • Chinas market is bouncing back from lows earlier this season

Swiss gold bars.

Swiss gold bars.

Photographer: Akos Stiller/Bloomberg

Chinas gold imports from the major refining hub of Switzerland jumped to the best in a lot more than five years, signaling demand improved because the Asian nation relaxed strict Covid measures.

Among the worlds top bullion buyers, China shipped in a lot more than 80 tons from Switzerland in July, in accordance with Swiss Federal Customs Administration. Thats a lot more than double the prior month and eight times a lot more than in-may.

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