Reported 1 day ago
The Swiss trade group for gold refiners has rejected proposals to relocate operations to the US in response to high tariffs imposed by President Trump. Christoph Wild, president of the Swiss Association of Precious Metals Producers and Traders, emphasized that the government should avoid rushing decisions and noted that Switzerland's gold export surpluses are an anomaly influenced by traders' preemptive movements ahead of potential tariffs. He believes that developing additional refining capacity in the US would have limited benefits.
Source: YAHOO