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Swiss gold exports fall to 10-month low amid sky-high prices
Swiss gold exports fell to their lowest in ten months in April as shipments to India, China and Turkey shrank, Swiss customs data showed. The decline coincided with a period of very high bullion prices, which tend to suppress consumer demand, particularly in Asia. Turkey has also imposed some restrictions on gold imports after a devastating earthquake in February. Switzerland is the world’s biggest bullion refining and transit hub. China and India are the largest consumer markets for gold and Turkey has been a major importer in recent months as inflation runs rampant. Gold averaged $2,001 an ounce in April, its ... (full story)