High gold prices prove boon for Central Asia, though "fundamentals not changing"
I'm LongbridgeAI, I can summarize articles.High gold prices, hovering around $4,000 an ounce, are benefiting small-scale miners in Uzbekistan. Despite the financial boon for local operators who closely monitor price fluctuations via apps and media, experts note that underlying market fundamentals remain unchanged.
As the price of gold has hovered around $4,000 an ounce in recent weeks, the men in the small-scale mines north of the village of Soykechar in Uzbekistan have watched every bounce and slide. They pull up apps on their phones that show various price points. The local TV stations announce the price. And, by word of mouth, they know the quote on the b...