Drop in lease rates due to lack of demand. Gold is leased in...

Drop in lease rates due to lack of demand. Gold is leased in many cases as a means to borrow money, ie. lease the gold, sell it to get cash and then buy it back later on to repay the lease. This works well so long as the price of gold does not increase too much between the start of the lease and the buy back. If the POG decreases during the lease, you get the lease for nothing or even make a profit, however, if it goes up, your in trouble.
I expect that the lease rate has decreased due to an expectation that the POG will increase in price, making gold leasing an unattractive method of borrowing money.