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This Article is From Sep 20, 2019

Swiss Gold Exports at Highest Since 2016 on U.K. Demand

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
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Cosco (India) Ltd.
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Nifty Capital Markets
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Nifty Top 20 Equal Weight
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MSCI World
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BSE Basic Materials
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Pritika Auto Industries Ltd
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SAB Events & Governance Now Media Ltd.
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Mukat Pipes Ltd.
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(Bloomberg) -- Swiss gold exports jumped to the highest since 2016 in August as increased demand from the U.K. continued to offset recent declines in flows to Asia, customs data show. Bullion deliveries to London held at a seven-year high last month driven by a surge in investors seeking haven assets. Growth worries, coupled with the enduring risk of a no-deal Brexit, fueled demand for exchange-traded funds backed by gold.

To contact the reporter on this story: Elena Mazneva in London at emazneva@bloomberg.net

To contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Nicholas Larkin, Liezel Hill

©2019 Bloomberg L.P.

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