(Source: China Banking and Insurance News 2025-06-25)

Good news for the gold industry

Recently, nine departments including the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Natural Resources, the Ministry of Commerce, the Ministry of Emergency Management, the State-owned Assets Supervision and Administration Commission of the State Council, the General Administration of Customs, the State Administration for Market Regulation, and the State Administration of Mine Safety Supervision jointly issued the "Implementation Plan for High-Quality Development of the Gold Industry (2025-2027)" (hereinafter referred to as the "Implementation Plan"), proposing that by 2027, resource security capabilities and industrial chain innovation levels will be significantly improved. The amount of gold resources increased by 5% to 10%, and the output of gold and silver increased by more than 5%.

Gold is a strategic mineral resource that has both commodity and currency properties and is of great significance to maintaining national industrial security and financial security. In recent years, my country's gold industry has developed rapidly and has become the world's largest gold producer and consumer. Data show that in 2024, my country's mined gold output will be 377 tons, ranking first in the world for 18 consecutive years; gold consumption will be 985 tons, ranking first in the world for 12 consecutive years. The "Implementation Plan" was issued to coordinate high-quality development and high-level safety, give full play to the advantages of my country's gold industry in smelting and processing scale, operation and management, accelerate the high-end, intelligent, green and safe development of the industry, and promote high-quality development of the gold industry.

The "Implementation Plan" clarifies that by 2027, a number of key common technologies and equipment will be broken through, mining of mines with depths below 2,000 meters, cyanide-free gold extraction and other mining and smelting technology and equipment will be implemented, and the supply capacity of high-end new materials with gold and silver in the fields of new generation electronic information, aerospace, high-end medical equipment, new energy, etc. will be significantly enhanced; a number of high-quality enterprises will be cultivated, the standard system will be continuously improved, and the industrial structure will be further optimized. Looking forward to 2035, a high-quality development pattern will be fully formed, comprehensive resource support capabilities will be significantly enhanced, and a world-leading technology system and industrial system will be built.

The "Implementation Plan" has deployed a series of key tasks, requiring promoting the increase of domestic resource reserves and production, strengthening the research on key technologies and equipment, improving the supply level of high-end products, strengthening the green and efficient use of resources, guiding enterprises to become stronger, better and bigger, improving the level of safe production, accelerating digital transformation and upgrading, strengthening the leading role of standards, and deepening overseas investment cooperation.

Chen Hao, a professor at the w88 casino of Economics at the w88 casino, said that the "Implementation Plan" has a significant impact on the development of the gold industry. On the one hand, it optimizes the industrial structure, raises the threshold of environmental protection and safety technology, eliminates inefficient and backward small enterprises, and promotes industry restructuring and integration; on the other hand, it extends the industrial chain, encourages the development of high value-added products, and optimizes the industrial structure. At the same time, the "Implementation Plan" promotes technological upgrading and innovation. Companies must improve purification, smelting and other technologies to survive in the industry. In addition, the "Implementation Plan" will also help integrate the gold industry with intelligent technology and accelerate industrial innovation and upgrading. For the market, in the short term, due to environmental protection rectification requirements, some companies have suspended production, and the supply of gold may shrink slightly. However, in the long term, product quality will be improved and the industrial chain structure will be optimized.

Gold prices fell to new lows since June

Wind data shows that on the evening of June 24, international gold prices generally closed down. Spot gold once fell by more than 2% to close at US$3,322.63 per ounce. COMEX gold futures closed down 1.66% at US$3,338.5 per ounce. On the morning of June 25, both prices increased slightly; while domestic gold jewelry prices generally fell, with the prices of pure gold jewelry from brands such as Chow Tai Fook and Lao Miao Gold falling below 1,000 yuan (Chow Tai Fook 998 yuan/g, down 14 yuan in a single day; Lao Miao Gold 999 yuan/g, down 8 yuan in a single day).

On the 24th, the Shanghai Gold Exchange issued the "Notice on Continuing to Control Recent Market Risks", reminding member units: "There have been many factors affecting market instability in the recent past. In order to prevent possible risks caused by market fluctuations, members are requested to increase their awareness of risk prevention, continue to make risk contingency plans, and maintain the smooth operation of the market. At the same time, investors are reminded to do a good job in risk prevention, reasonably control positions, and invest rationally."

Chen Hao said that the recent decline in gold jewelry prices is mainly due to the reduced demand for gold as a hedge. The Russia-Ukraine conflict and tensions in the Middle East have eased, and the international political and military situation has tended to ease, weakening the safe-haven appeal of gold. At the same time, although w88 protectionism remains, tensions have eased, weakening investor demand for gold and causing prices to fall. In addition, the easing international environment has revived the stock and bond markets, providing investors with diversified choices and diversifying gold investments. Although the price of gold is currently falling, the decline is relatively small. It may still adjust slightly in the future as the international economic and political situation changes, and the overall price is still fluctuating slightly.

Attachment: Original link:https://mp.weixin.qq.com/s/AQHnnCJRsrPQY_UsudVP9w