China TV reports gold sales ‘going through the roof’ and shortages for fabricators

Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.

A sector that was once racing to build new supply has been closing mines and deferring projects as low prices bite into the cost curve.

Gold’s outlook and fundamentals remain really bullish.

Around 60 Chinese nationals were at the site and officials detained 17 who appeared to be in charge.