The Gold rally has accelerated since August and delivered a +12% return over the past month - 98th percentile for monthly returns since 1980 - supported by rising futures positioning and ETF inflows, as well as a seasonal pick-up of central Bank demand. Overnight, however, Gold climbed to a fresh record, with traders weighing China's new plan to become a custodian of foreign sovereign gold reserves. Bloomberg reports that The People’s Bank of China is using the Shanghai Gold Exchange to court central banks in friendly countries to buy bullion and store it within the country’s borders, said the people, who spoke on ... (full story)