The production of gold companies in China recovered to pre-pandemic levels during the first quarter of this year

Data from the China Gold Association stated that the production of gold companies in China returned to normal in the first quarter of this year, with production recovering to pre-pandemic levels (Covid-19).
The data showed that with the receding of the impact of “Covid-19”, gold production from local mines run by major gold companies amounted to about 32.72 tons during the first quarter of this year, which represents nearly half of the country’s gold production.
Central banks around the world maintained net purchases of gold in the first quarter of this year.
The People’s Bank of China increased its gold holdings for five consecutive months from November 2022 to March 2023, including a total increase of 57.85 tons in the first quarter.
The data of the aforementioned association showed that China’s gold reserves reached 2068.38 tons by the end of last March.