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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Price Watch more

4 factors that will lead to increasing gold prices

Posted on 04 April 2013

Factor # 1: Central Bank Buying: A recent Businessweek.com article highlighted that central banks are still purchasing gold even as the price has continued to fall and hover around the $1600 level. In the Businessweek.com article, two statements lead me to believe the price of gold is heading higher, or at the very least keep a floor under the price.
Factor # 2: Gold Miner Operating Expenses: With costs for gold miners rising, that could lead to production shutdowns, because mining will not be economical for gold miners at current prices. A recent Bloomberg article highlighted the increasing costs for gold miners in South Africa………………………………………..Full Article: Source


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VRS - who has written 37608 posts on Opalesque Commodities Briefing.


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