PRECIOUS METALS | Uzbekistan Resumes Gold Exports After Six-Month Hiatus

Uzbekistan, one of the world's largest gold producers, has resumed its gold exports after a six-month pause, according to Jin10. The country's State Statistics Committee reported on Tuesday that Uzbekistan exported non-monetary gold valued at approximately $1.5 billion in the first four months of this year, with the majority of exports occurring in April. Uzbekistan's annual gold production is around 130 tons. Since September of last year, the country had effectively halted gold exports, while its central bank became one of the largest buyers of the precious metal globally. Meanwhile, Russia, another major gold producer, has also accelerated its gold sales recently.