Gold Demand Up, Supply Down

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.”

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>