✉news BusinessBanking first seen 19 h ago, last 9 h ago, peak #6
Asian gold producers hoard domestic supplies as prices surge
Original: Asian gold producers begin hoarding domestic supplies after price rises
Gold producers across Asia are holding back domestic supplies rather than selling, responding to sharp rises in gold prices. According to Nikkei Asia, the hoarding suggests producers expect prices to climb further, tightening availability of locally mined gold in regional markets as demand and prices continue to rise.
Why now: Rising gold prices are prompting producers to withhold supply, a shift with implications for markets and buyers.
Nikkei AsiaAsian gold producers
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