Gold shipments from Switzerland took a hit last month as demand from India cooled off significantly. The export numbers dropped in November, continuing a pattern of volatility in the precious metals market. India, traditionally one of the major buyers of Swiss gold, saw a sharp pullback in orders—a notable shift that traders are keeping close tabs on. This slowdown in precious metals flows could signal broader changes in global commodity demand and investor sentiment around safe-haven assets. For those tracking macro trends and asset diversification, these shifts in traditional hedges like gold deserve attention as they often correlate with moves in other markets, including crypto positions.