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Gold selloff sparks Goldman to recommend miners hedge production to head off losses

Posted on 19 September 2013

Gold mining companies should lock in 2013 prices by hedging their production as all signs point to further declines in the yellow metal in coming months, Goldman Sachs Group analysts said recently.
In a research note, the analysts reiterated their forecast for gold to fall below $1,050/oz in coming months, well below its Wednesday opening price of $1,309/oz. Meanwhile, Goldman’s 2014 year-end price forecast represents a 20 percent decline from current prices………………………………………..Full Article: Source


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