Kitco News says the gold market faced extraordinary volatility on Monday amid trade talks between the US and China. Prices were falling despite a weaker dollar.
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According to Surbiton Associates, Australian gold mining companies produced 73 tons of gold in the first quarter of 2025. This figure is 6 tons (or 7%) lower than the previous quarter but 3 tons (4%) higher than the first quarter of 2024.
Global gold supply is projected to grow by 1% this year due to record mine production, according to a report by Metals Focus. After reaching a high of 3,661 tonnes in 2024, output is expected to rise to 3,694 tonnes in 2025.
According to official statistics, the People's Bank of China (PBOC) built up its gold reserves for the seventh month in a row in May. Despite ongoing fluctuations in the price of the yellow metal, the regulator continued to diversify its national reserves.
An increase of the indicator value may contribute to the rise in quotes of Gold.
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