Swiss exports of gold to countries including China, Turkey, Singapore and Thailand surged to multi-year highs in 2022, Swiss customs data showed on Tuesday, as low prices boosted demand from consumers in Asia and the Middle East.
Rising interest rates caused many financial investors in Europe and North America to sell gold last year, releasing large amounts of metal from storage and pushing down prices .
Economic instability also spurred demand for gold, which many see as a safe investment, particularly in Turkey, where inflation has rocketed. Last year, it exported 524 tonnes of gold worth around $33 billion at current prices to mainland China and Hong Kong, up from 354 tonnes in 2021 and the most since 2018, Swiss customs data showed.
It sent a whopping 188 tonnes to Turkey, up from 11 tonnes in 2021 and by far the most in records stretching back to 2012, and 47 tonnes to Saudi Arabia, up from 7 tonnes in 2021 and the most since 2015.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Photos of Nepal plane crash in 2018 resurface in misleading postsAfter a plane with 72 people on board crashed in Nepal, photos surfaced in Facebook posts misleadingly claiming they showed the aftermath of the disaster. The pictures were actually taken after a different plane crash in Nepal in March 2018, in which 51 people were killed.
Weiterlesen »
Elon Musk testifies he would have sold SpaceX stock to take Tesla private in 2018Tesla CEO Elon Musk took the witness stand on Monday to defend himself against allegations that he committed securities fraud and cost shareholders money.
Weiterlesen »
Danielle Fishel and Husband Jensen Karp’s Relationship Timeline: PhotosDanielle Fishel and Jensen Karp tied the knot in 2018 — see their complete relationship timeline
Weiterlesen »
China's Hypersonic Plane Concept Could Go From Beijing to NYC in 2 HoursA report from 2018 revealed China's plans for an ultrafast plane that can fly from New York to Beijing in two hours instead of 14.
Weiterlesen »
Bali welcomes back 1st flight from China as COVID rules easeDENPASAR, Indonesia (AP) — A direct flight from China landed in Indonesia’s resort island of Bali for the first time in nearly three years on Sunday after the route was suspended due to the pandemic.
Weiterlesen »
Communist China won't escape its economic-demographic trapSpeaking in Davos, Switzerland, this week, Vice Premier Liu He said that the Chinese economy would return to fast growth sooner than expected. Liu offered confidence 'that in 2023 China’s growth will most likely return to its normal trend. The Chinese economy will see a significant improvement.'
Weiterlesen »