As it became known in September this year, the United Arab Emirates (UAE) again sent large volumes of gold to the country. This migration indicates an increase in demand in Western countries.

The Swiss Customs Service published data on the import and export of goods for September 2019. They also use information on the movement of yellow precious metals. The fact is that Swiss refineries process almost half of the world's gold. Last month, Switzerland exported 109.47 tons of gold to other countries in the amount of 5.27 billion francs (4.789 billion euros).

For the past three months in a row, the UK has become the largest recipient of precious metals from the Alpine Republic. In September, it imported almost 74 tons from Switzerland. In all, at the beginning of this year, 325 tons of gold were imported into the country. ETF funds whose shares are backed by physical precious metals. This means that they must sell paper, real precious metal.

According to the World Gold Council, investments in ETFs have risen to record highs. Now 2,807.8 tons of gold are stored in their reserves to cover shares with physical precious metals. Since the beginning of 2019, the net inflow of gold to ETF funds has amounted to 368 tons.

Profit in export to Asian countries. For example, China received 10 tons in September - a 2-fold decrease compared to the previous month and year. France again received more gold than usual, namely: 9.4 tons, although in August this volume was 15 tons. In general, gold exports from Switzerland increased in September by + 18.5% compared to August, but by -41% less than September 2018

Given the large volumes of gold supplies to London, the question arises: where to get it? Dubai It is from this gold that the processors will go. Since the beginning of this year, 127 tons of yellow precious metal have been imported. It turns out that this is the third month in a row.

As for, in September 2019, 189.33 tons of gold worth 5.96 billion francs (5.4 billion euros) were imported into the reservation, which is -13% less than last year and -11% less august. Argentina (24 t), Peru (11 t) and Dominican Republic (11 t) became suppliers of the unprocessed low-quality precious metal.