Swiss Watch Exports Flat, Gold Rebounds to $4,642, Secondary Markets Stabilize
Swiss watch exports posted CHF 6.2 billion in Q1 2026, up 1.4% year-over-year, but March fell 1.0%. Gold closed April 30 at $4,642/oz after testing three-week lows at $4,577, driven by central bank buying and Middle East tensions. Secondary watch indices show stabilization: Patek Philippe gained 1.2% in March, Rolex slipped 0.3%, confirming post-correction pricing across Big-3 references.