FILTERED RESULTS
FILTERS
Ads Top
DARK MODE
CHART
    Filters
      Symbols
      Sentiment
      Impact
      Search
      FILTERED RESULTS

        

      Upgrade your plan
      Dashboard

      Asian Gold Producers Shift Focus to Domestic Refining and Central Bank Purchases

      Gold-producing nations in Asia are increasingly prioritizing domestic refining and central bank purchases as part of a broader trend of resource nationalism. This shift aims to retain more value from gold production within their borders, potentially tightening global supply over time. Countries like Laos and Indonesia are leading this movement, with Laos planning to refine its gold output domestically through the Lao Bullion Bank, established in 2024. Meanwhile, Indonesia will implement a 15% export tax on gold starting in 2026, further incentivizing local processing.

      China, the world's largest gold producer, has also been restricting gold exports and has extended its record streak of net purchases to 22 months as of August 2026. This trend is echoed in other regions, including Africa, where countries like Madagascar and Ghana are adopting similar strategies. The cumulative effect of these actions could result in a reduced supply of gold available for international markets, impacting major refiners' sourcing capabilities.

      Despite the potential long-term benefits of these strategies, gold prices are currently under pressure due to rising long-term yields and expectations of further interest rate hikes from the U.S. Federal Reserve. As of late September 2026, gold prices had fallen to approximately $4,100 per ounce, about 12% lower than the peak observed in late August. Analysts suggest that while immediate challenges exist, the actions taken by gold-producing countries could contribute to upward pressure on prices in the future.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud