China's chief foreign exchange regulator said that they may have limited appetite for buying gold in the international markets, preferring to buy domestic gold from Chinese producers. Despite being the world's largest gold producer, there was a school of thought that they may be tempted to buy gold of the IMF, who have made 191 tonnes available for purchase. These comments dented the recent run in gold, now trading in and around the $1,125 level.

Market News

1. Australian business confidence matched a seven year high according to National Australia Bank
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