Les raffineries reprennent le boulot en Suisse
https://www.reuters.com/article/health- ... SL8N2BT09ASwiss gold refiners to resume work, easing supply constraints
LONDON, April 5 (Reuters) - Three of the world’s biggest gold refineries said they will partially reopen after a two week closure that disrupted global supply of the metal.
Valcambi, Argor-Heraeus and PAMP, located near the Swiss border with Italy, were shut by a local government order on March 20 which closed non-essential industry to contain the spread of the coronavirus.
Together they process about 1,500 tonnes of gold a year — equivalent to a third of global supply — and are a key transit point, purifying mined material and reshaping metal moving between markets that require gold in different sizes and shapes.
Fears that it would be impossible to turn enough 400 ounce bars stored in London into 100 ounce bars used in New York drove U.S. gold futures sharply above London prices after the refiners closed.