Asia boosts gold retention amid dollar concerns and sanctions fears

Asian nations are increasing efforts to retain more value from their gold production amid rising prices and growing concerns over the dollar's stability. Countries in the region are refining more gold domestically and implementing policies to curb exports, such as taxes and central bank purchases.

The shift is partly driven by diminishing confidence in the dollar as the world's reserve currency. This trend, known as 'resource nationalism,' is also fueled by worries over potential sanctions and the desire to secure valuable resources within national borders.