Italy's Gold Exports to Switzerland Soar
Source: BBC Business News (4/16/12)
"Italy exported 120 tonnes of gold to Switzerland in 2011, an increase of 65% on 2010."
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