Gold companies take a shine to China’s Silk Road

Reuters/Tom Daly/09-24-17

As far as China’s miners are concerned, the modern-day Silk Road is paved with gold.

Buoyed by a 15 percent rise in the gold price this year, Chinese mining executives in Tianjin this weekend were talking up their ambitions for overseas expansion.

PG View: China continues to expand its control over the physical gold market, from both the supply and demand sides.

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