From Nikkei Asia · · 40s
Asian gold producers hoard supplies as prices rise
Asian gold producers start storing domestic gold after prices climb.
In brief
Asian gold producers start storing domestic gold after prices climb. Asian countries are increasing gold refining and restricting exports to capture more value from rising gold prices. Originally reported by Nikkei Asia.
Asian gold producers
Asian gold producers begin hoarding domestic supplies after price rises.
Eroding dollar confidence
Eroding confidence in the dollar and concerns over sanctions fuel 'resource nationalism'.
TOKYO
Countries across Asia are stepping up efforts to capture more value from recent gold boom.
Increased refining
Countries increase refining of gold production from their own mines.
Export restrictions
Countries discourage exports through taxes and central bank purchases.
The key point
Asian countries are increasing gold refining and restricting exports to capture more value from rising gold prices.
