I've just noticed a couple of other articles on gold. It's reported that in August, China's imports of gold from Hong Kong have dropped 29% and that China's cooling may have 'grave consequences for the gold price'.
The scrap gold market grew from 600 tonnes in 2000 to 1,660 tonnes last year.
Any sudden increase in interest rates will probably collapse the gold price , because of the opportunity cost of holding non-yielding gold.
