China's gold output falls in first quarter

10 articles · Updated · Bloomberg · May 9

Output from domestic and imported raw materials fell 3.27% year on year to 136.23 tons in Q1 2026, while mine output dropped 7.08%.
The decline was driven by safety inspections and production suspensions, according to data from the China Gold Association.
At the same time, overseas production by major Chinese gold groups rose more than 30%, as investor demand for bars and coins jumped.

As its domestic mines go quiet, is China's overseas buying spree creating a new global empire of gold?

With record gold buying and a new Hong Kong hub, is China building a financial fortress against the US dollar?