SEATTLE (Scrap Monster): The U.S. exports of gold dropped modestly by almost 1.57% through the initial three-month period of 2020. The trade data released by the U.S. Census Bureau indicates that the country’s gold exports were valued at $4.06 billion in the first quarter of 2020, as compared with the exports of $4.13 billion in the corresponding three-month period last a year before.
The topmost export destination was the U.K. The country received approximately $2.54 billion worth of gold from the U.S., accounting for almost 63% of all U.S. shipments. The second largest destination of gold exports from the U.S. was Switzerland. The exports to that country were valued at $785.92 million. In third place was India with total imports of $200.80 million from the U.S. The other primary export destinations were Canada ($144.80 million) and Italy ($114.54 million).
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The U.S. gold imports recorded substantial increase, surging higher by 168% year-on-year to total $4.53 billion in the first three months of 2020. This compares with the import of $1.69 billion during Jan-Mar ‘19.
The leading source of imports was Switzerland. The country supplied $1.91 billion worth of gold, accounting for just over 42% of all imports by the U.S. The second largest gold exporter to the U.S. was Mexico. The country’s gold imports from Mexico totalled $728.41 million. In third place was Canada with $658.91 million worth of gold supplies.
Precious Metals Scrap Prices | ||||
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14ct Gold Scrap | $1056.64 | 0 | ||
18ct Gold Scrap | $1354.67 | 0 | ||
22ct Gold Scrap | $1654.51 | 0 | ||
9ct Gold Scrap | $677.33 | 0 | ||
Platinum Scrap | $823.18 | 0 | ||
Silver Scrap | $21.29 | 0 | ||
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CRUDE OIL PRICES | ||||
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UNITED STATES | INTERNATIONAL | |||
Alabama Heavy Asphaltic Sour | $39.12 | + 0.23 | ||
Alabama Light Sour | $43.47 | + 0.26 | ||
Alabama Light Sour Womack Hill Type | $43.47 | + 0.26 | ||
Alabama Light Sweet | $48.47 | + 0.26 | ||
Alabama/ Florida Panhandle | $46.32 | - -0.2 |