U.K. Gold Shipments Climb Eightfold as Metal Seen Moving to Asia
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Gold exports from the U.K. to Switzerland in the first half of 2013 were more than eight times the total for all of 2012 as metal was probably moved from Europe to investors in Asia, Macquarie Group Ltd. said.
U.K. gold exports were 797 metric tons in the first six months this year, compared with 92 tons for all of 2012, Macquarie said in an e-mailed report dated today. Investors sold 586 tons of gold in exchange-traded products in January through June this year, data compiled by Bloomberg show.