Japan's gold exports hit a record $25bn
Japan's gold exports have hit a record $25bn, Nikkei Asia reports. The outlet says high prices have driven shipments, and that some of the exported metal may once have been smuggled into the country.
Japan's gold exports have climbed to a record $25bn, driven by high prices, according to Nikkei Asia. Persistent safe-haven demand amid global uncertainty has kept interest in the precious metal strong.
A striking point in the report is the assessment that some of the exported gold may be metal once smuggled into the country. High prices encourage previously hoarded stocks to move back into the market.
Analysts say this record flow reflects both the price level and regional trade dynamics. The path of prices could keep shaping the export trend in the period ahead. This article is not investment advice.
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