Switzerland's gold exports in September rose to the highest level since February 2025, with exports to the UK reaching a monthly high not seen since at least 2012.

(1) Swiss customs data shows that in September, Switzerland's gold exports increased by 6% month-on-month, reaching 165.2 tons, the highest level since February 2025. (2) Among them, gold exports to the United Kingdom increased by 24% month-on-month, to 126.2 tons, marking the highest single-month level since at least 2012. (3) The increase in capital inflow into the UK gold market is an important factor driving the growth of Switzerland's gold exports.