China shipped in more than 80 tonnes from Switzerland in July.

“The market is going to have to get used to inflation numbers being much higher for longer,” said Jake Klein, executive chairman at Evolution Mining.

Roadblocks were set up by the community around the mine in Buritica to demand a rescue mission.

The company said gold production fell by 77% in the first half following a strike at its South African gold operations.

The FS Chiron Capital Allocation Fund’s exposure to bullion may rise from 4% once the Fed begins to ease aggressively, said Troy Gayeski.

Data Tuesday showed a bigger-than-expected drop in US home construction, while production at US factories increased in July for the first time in three months.

Pure Gold said output fell during the second quarter due in part to cash-preservation measures taken by the company while negotiating financing agreements.