from ZeroHedge:

For the second time in a week, trading in an ETF that owns gold companies was halted in China overnight.

The ETF’s price had gained over 40% in the past four sessions before falling 10% after trading resumed Monday.

“The lack of alternatives, and the fact that it’s become a lot more difficult than it was a few years ago to get your money out of China and invest elsewhere – I think that’s definitely helping gold,” said Nikos Kavalis, managing director at consultancy Metals Focus Ltd.

“Demand is pretty decent, considering where the price is.”