CPCA Market Update February 2018
According to CME, there was solid growth in exports to the United States, which rose by 1.9 % ($662 million). Meanwhile, shipments to Brazil more than doubled (up $207 million), and sales to the EU (not including the United Kingdom) were up by nearly 18 % ($361 million). On the other side exports to the UK were down sharply, declining by more than 41 % ($805 million). The UK is the primary market for Canada’s gold exporters. Shipments to Japan were also sharply lower in February (down 10.6 %, or $114 million).