21 août 2025|
AI
|4 months agoSwiss gold exports to US surge fivefold amid tariff concerns
Switzerland's gold shipments to the United States reached 54 tonnes worth CHF4.7 billion in July, marking a dramatic increase as exporters rush to beat potential tariff implications.
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Generated IllustrationKey Takeaways
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- Swiss gold shipments to the US reached 54 tonnes in July.
- The value of July gold exports to the US was nearly CHF 4.7 billion.
- Total Swiss gold exports to all destinations in July were 139 tonnes, worth CHF 12 billion.
- In the first half of the year, 480 tonnes of gold worth nearly CHF 40 billion were sent to the US.
- Donald Trump announced on Truth Social that gold would be exempt from tariffs.
By The Numbers
54 tonnes
Gold exported to US in July
CHF 4.7 billion
Value of July US exports
5x
Increase in exports
39%
Potential tariff rate
They Said
"Gold will not be subject to tariffs!"
"formal and binding decision"