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Swiss Gold Transit Jumps to March Highs as UK Vault Holdings Reach 2-Year Peak

Swiss gold exports surged 44% month-over-month in June to the highest level since March, driven by bullion flowing back to UK vaults from the United States. Exports to the UK jumped dramatically to 83.8 metric tons – the highest since August 2019 – as gold that was shipped to the US earlier this year to cover potential tariff risks returned after President Trump excluded bullion from reciprocal tariffs in April. London vault holdings rose 2.1% to 8,776 tonnes, the highest since August 2023.

Original Source: Mining.com

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