Two news stories in my inbox this morning from
Sharelynx:
Demand Up:
Gold a ‘Good Choice’ for Boosting Global Use of Yuan"China’s trade in yuan-denominated gold investment products moves the currency closer toward global acceptance and the country should develop more of them, a central bank official said."
Supply Down:
South African gold output falls hard"In an all too familiar announcement in recent years, the South African Chamber of Mines reported the country's first quarter gold production fell 15% quarter-on-quarter, extending the downward slide in output."