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."
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."