Italy's Gold Exports to Switzerland Soar

Source:

"Italy exported 120 tonnes of gold to Switzerland in 2011, an increase of 65% on 2010."

BBC Business News

Italian exports of gold ingots to Switzerland have soared in recent months, data has shown.

Exports to Switzerland were 35.6% higher than in February 2011 "mainly because of sales of non-monetary raw gold," statistics agency Istat said.

This followed a 34.6% year-on-year rise in exports to Switzerland in January.

Overall trade data showed that Italy's non-seasonally trade deficit narrowed to 1.1 billion (B) ($1.4B; 905 million) in February from 4.3B in January. . .View Full Article

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