China Ramps Up Swiss Gold Imports, Signaling Resurgent Demand

(Bloomberg) — China’s gold imports from the major refining hub of Switzerland jumped to the highest in more than five years, signaling that demand rebounded as the nation relaxed strict Covid measures.

One of the world’s top bullion buyers, China shipped in more than 80 tons from Switzerland in July, according to Swiss Federal Customs Administration. That’s more than double the previous month and eight times more than in May.