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The surging gold price is boosting Central Asia’s economies

Published: 3/27/2025|Category: Finance News
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The surging gold price is boosting Central Asia’s economies
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Mar 27th 2025

Tian Shan—the name for the mountains that cross Kazakhstan, Uzbekistan and Kyrgyzstan—roughly translates as “Mountains of Heaven”. It is fitting for a range that is dotted with gold mines, including Kumtor, one of Central Asia’s largest and a symbol of Kyrgyz national pride. Moreover, it is not just the mountains of Central Asia that hold big reserves. Hundreds of kilometres to the west, in Uzbekistan’s Kyzylkum Desert, sits Muruntau, the world’s largest open-pit gold mine.

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