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Swiss Gold Trade (BAZG)
Switzerland's monthly gold imports and exports by partner country, from Swiss customs (BAZG). As the main refining hub, Swiss flows reveal where physical gold is moving (e.g. to China and India).
- CH → US surge → COMEX demand, U.S. tightness, tariff/arbitrage moves.
- UK → CH surge → London 400oz bars sent for refining into kilo bars.
- CH → CN / CH → IN surge → strong Asian physical demand.
Professional cross-signal: CME stocks falling + CH → CN rising + UK → CH rising ⇒ gold likely moving London → Swiss refinery → Asia.
Swiss Foreign Trade in Gold — Key Flows
Monthly data published by BAZG via I14Y at https://www.i14y.admin.ch
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