Commodity Trade Mantra

Posts Tagged ‘Gold Producing Countries’

The U.S. Exports More Gold To Hong Kong Than It Produces

The U.S. continues to export more gold than it imports or produces from domestic mines. For the first nine months of the year, the U.S. suffered a 24 mt deficit as it exported 380 mt of gold versus 155 mt from its domestic mine supply and 201 mt it received in gold imports. Not only the U.S. exported more gold than it produces, Australia is doing the very same thing.

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