Asian gold producers begin hoarding domestic supplies after price rises - Nikkei Asia

AI desk brief

Asian countries are moving to capture more value from the gold boom by keeping more mine output at home, expanding domestic refining and, in some cases, discouraging exports through taxes and central bank purchases. The effect is tighter visible supply for the international market and a potentially supportive backdrop for bullion if domestic hoarding persists.

The piece highlights a broader policy shift across the region rather than a single-country event, with governments and official buyers seeking to monetize the rally and retain more of the metal within local financial systems.