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2026-05-26 19:25:05
[Uzbekistan Fully Resumes Gold Exports in April, Exports Reach Approximately $1.5 Billion in the First Four Months] ⑴ As one of the world's largest gold producers, Uzbekistan fully resumed gold exports in April after a six-month hiatus. According to a report released Tuesday by the country's National Statistics Committee, non-monetary gold exports totaled approximately $1.5 billion in the first four months of this year, with the majority of exports completed in April. ⑵ Uzbekistan's annual gold production is approximately 130 tons. Since September of last year, the country had effectively halted gold exports, while its central bank became one of the world's largest gold buyers during the same period. ⑶ From a psychological perspective, the timing of Uzbekistan's resumption of gold exports is noteworthy. With international gold prices currently high and geopolitical uncertainties driving safe-haven demand, resuming exports at this time helps the country obtain more foreign exchange earnings. ⑷ Russia, another major gold producer, has also recently accelerated its gold sales. The simultaneous increase in market supply from these two major producers may have a certain impact on the supply and demand balance of the gold market. Looking ahead, attention should be paid to whether gold prices will face supply-side pressure at high levels, and whether central bank gold purchases can offset the increased supply.
