Chinese Gold Mines Boost Output as Bullion Prices Surge...
China News
December 7, 2023
Chinese gold miners and smelters are increasing production in response to the soaring prices of bullion, driven by economic uncertainties and the Israeli-Hamas conflict. In Zhaoyuan, known as 'China's gold capital,' mining firms are operating at full throttle to extract valuable gold ore. International gold prices have seen a continuous uptrend for two months, propelled by the demand for the safe-haven asset amid geopolitical tensions.