China’s Jan-Sept gold output down 9.98 pct y/y – state media

Reuters/11-01-17

China Central Television said on Wednesday on its website, quoting data from the China Gold Association:

* China’s Jan-Sept gold output down 9.98 percent y/y to 313.09 tonnes

* China’s Jan-Sept gold consumption up 15.49 percent y/y to 815.89 tonnes

PG View: Tighter supply and stronger demand is a recipe for higher prices.

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