Greenland emerges as new source of Swiss gold imports

Greenland has been in the headlines after US President Donald Trump threatened to annex the Danish-ruled territory. Less attention has been paid to its gold exports. Switzerland has been strengthening its position as the world’s leading hub for gold trading and refining by opening a new import channel from Greenland. + Get the most important news from Switzerland in your inbox According to provisional federal customs data cited by Sunday's SonntagsZeitung newspaper, Swiss gold imports from Greenland jumped from zero to CHF18 million ($22.5 million) over the past year. The explanation for this increase is both technical and geographical. "Since Greenland does not have its own refinery, this gold arrives in Switzerland," Christoph Wild, president of the Swiss Association of Precious Metal Producers and Dealers, told the paper. + The quest for ethical gold – a Swiss refiner’s viewpoint The mining company that operates the island's only gold mine, which reopened at the end of 2024 ...