Suddenly increasing volume after a six-month pause, a major gold-producing country with an annual output of 130 tons re-enters the market, combined with Russia accelerating its sell-off simultaneously. Is international gold price pressure coming?

Coin World News, Uzbekistan has fully resumed gold exports in April after a pause lasting nearly half a year. According to the country's State Statistics Committee, in the first four months of this year, Uzbekistan exported approximately $1.5 billion worth of non-monetary gold, with most of the exports completed in April. Uzbekistan's annual gold production is about 130 tons. Since September last year, the country has effectively halted gold exports, while its central bank has become one of the world's largest buyers. As another major gold producer, Russia has recently accelerated its gold sales.