Statement after annual planning meeting warns of "downward pressure" on the world's second largest economy and the need to take "bold steps" to reform industry.
Hedge funds are the least bullish on gold since 2007 prompting contrarians betting all the big sellers have been flushed out, to push gold higher Tuesday.
Canadian mining companies are becoming increasingly unwilling to add employees to their payrolls and are reporting the weakest hiring intentions since Q3 2009.