Further, China's devaluation of its currency, the renminbi, in August and imposition of investment restrictions made people in the country — which has long vied with India as the top physical gold market — less able to buy gold. (canadianbusiness.com)
Meanwhile, physical gold markets remained quiet in most other Asian regions, except for Singapore, which saw a slight pick - up in buying. (cnbc.com)
This means that funds flowing into gold will be forced into the one and only physical gold market that already exhibits tight, inflexible supply. (investmentresearchdynamics.com)