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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Bullion demand from China will fuel gold price rebound, says Invictus MD

Posted on 12 July 2013

A rebound in the gold price from current levels is building amid increased demand for the physical bullion by China as evidenced by the increase in gold lease rates, says Michael Jones, managing director of gold explorer Invictus Gold.
This year China has imported more than 1400 tonnes of gold or two thirds of the world’s annual production, according to Jones. Physical gold supply as a result is tight, he says, building pressure on the gold price to rise………………………………………..Full Article: Source


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