Switzerland in March recorded its biggest monthly gold exports in ten months as shipments to India leaped to their highest since 2013, underlining a revival in Asian bullion demand, Swiss customs data showed on Thursday. Switzerland is the world’s biggest gold refining centre and transit hub. Its numbers provide an insight into market trends.
The data points to India leading a recovery in demand in Asia, the biggest gold consuming region, after a slump caused by the coronavirus pandemic.
The data also suggests weak demand from investors in Europe and the United States. A surge in exports to the United States that began last year began to unwind in March as the country sent far more metal back to Switzerland than it took in.
Photo: A file photo of gold biscuits on a table before melting at manufacturing unit of ‘Tanishq’, the Indian jewellery retailer from Titan Industries at Hosur, in Tamil Nadu, some 70 km from Bangalore. EPA/MANJUNATH KIRAN
Vice President JD Vance took center stage at the Republican convention in Dallas on Thursday in a speech seen as an early test of his 2028 White House prospects, offering a message of na...
In the 25 years since al Qaeda militants hijacked passenger jets and flew them into New York's World Trade Center towers and the Pentagon, the group founded by Osama bin Laden has spawne...
Morning Briefing
Abela, Costa discuss EU budget, migration and Ukraine in Malta
Prime Minister Robert Abela and European Council President António Costa discussed the EU’s long-te...
Morning Briefing
Abela outlines first 100 days of government, unveils startup, AI and social measures
Prime Minister Robert Abela said the government’s first 100 days have deliver...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
Ryanair Chief Executive Michael O'Leary on Thursday accused the head of Britain's air traffic control operator of lying about the cause of an outage that led to thousands of flight can...
Oil prices rose on Thursday, extending gains that took Brent over $100 a barrel in the previous session, as traders braced for deeper supply disruptions after Iran and the United States ...
Artificial intelligence has already transformed industries such as finance and education, but one of its most important tests may come in medicine: discovering new drugs.
Pharmaceutic...
Malta’s new pay transparency regulations, which came into effect on the 5th of June, aim to strengthen fairness and equality in the workplace, but employers are warning that the rushed i...
Malta Public Transport is encouraging passengers attending Una Notte Con Le Stelle at The Granaries, Floriana, on Saturday 5 September to make use of the regular night bus services opera...
The first edition of HEKATECH.HEALTH 2026, to be held in Malta on November 26, will focus on how health systems can reconcile two increasingly urgent demands: expanding access to new med...
Fears of renewed escalation gripped the Middle East on Wednesday after the United States and Iran exchanged their biggest barrage since July, with Washington striking Iran's southern co...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
The departure from Moldova of a plane carrying Ukrainian President Volodymyr Zelenskiy to Norway was delayed when authorities closed the country's airspace over a drone alert, a Moldov...
Ukraine wants peace but will not just give in to Russia at any price, President Volodymyr Zelenskiy said on Monday in a defiant speech marking Independence Day celebrations.
British...
