Skip to content

China Is Ramping Up Swiss Gold Imports, Signaling Better Demand

  • Swiss flows to China were 80.1 tons in July, most since 2016
  • China’s market is bouncing back from lows earlier this year
Swiss gold bars.
Swiss gold bars.

Photographer: Akos Stiller/Bloomberg

China’s gold imports from the major refining hub of Switzerland jumped to the highest in more than five years, signaling demand improved as the Asian nation relaxed strict Covid measures.

One of the world’s top bullion buyers, China shipped in more than 80 tons from Switzerland in July, according to Swiss Federal Customs Administration. That’s more than double the previous month and eight times more than in May.