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

Fitch says gold price rebound unlikely while fall to $1,000/oz may hit miner ratings

Posted on 02 October 2013

The anticipated unwinding of US quantitative easing and expectations of improving but unspectacular economic growth leave little room for a rebound in gold prices over the next few years, while a further decline remains a real possibility, Fitch Ratings says.
Our ratings of gold producers incorporate a base case gold price assumption of USD1,200 per troy ounce for the next two years, but a stress scenario of USD1,000/oz would put some gold miners’ ratings under significant pressure without substantial cost cutting and cash conservation measures. (Press Release)


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