Sunday, November 29, 2020

Tag: U-S- Gold Exports Surge As Its Gold Trade Deficit Continues

U.S. Gold Exports Surge As Its Gold Trade Deficit Continues

by Steve St. Angelo, SRSRocco Report:
It’s no secret that the East (Asians and Indians) continue to acquire a lot of gold as Western demand has weakened this year. According to the most recent data released by the USGS – United States Geological Survey, U.S. gold exports surged during the first four months of the 2017 versus the same period last year.

How much? A great deal. In the first four months of 2017, the U.S. exported a stunning 173 metric tons of gold (5.5 million oz) compared to 119 metric tons (3.8 million oz) during the same period last year. Thus, U.S. gold exports Jan-Apr 2017 surged 45{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} versus last year: