Swiss Gold Exports to U.K. Hit 6-Year High on ETF Surge
- Switzerland exported 90.7 tons of gold to the U.K. in July
- London is a center of vaulting services for gold-backed ETFs
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Swiss gold exports to the U.K. rose to the highest in six years, driven by a surge in demand for exchange-traded funds.
Switzerland shipped 90.7 tons of bullion to the U.K. in July, the most since September 2012, according to data on the website of Swiss Federal Customs Administration. That compares with just 7.4 tons in June.