It is estimated that one third of the 10 million tons of new demand would come from the electric vehicle sector.

Juicing gold's rally is unrelenting Chinese demand, as retail shoppers, fund investors, futures traders and even the central bank look to bullion as a store of value in uncertain times.

This breakout rally is exceptional because gold’s usual drivers aren’t fueling it.

There’s a risk the junta could revoke GoviEx’s mining permit, the company said on Friday.

Exports of mining products from Indonesia have been affected by delays in approvals of annual work plans for mining companies.

Iron ore has gained more than 15% so far this month.

The central bank’s last gold auction was in December 2013.

Miner shares have trailed falling iron ore prices, which have sunk by 17% this year.