Thu, Jul 24, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Gold prices below $1,200 could mean production cutbacks: World Gold Council

Posted on 05 February 2014

If gold dips below $1,200 per ounce for a “sustained” period, serious production cutbacks are likely, World Gold Council representatives warned Monday.
The average industry cost of production is $1,200 per ounce, according to the council, which cited recent Thomson Reuters data. About 30 percent of the gold mining industry becomes unprofitable if prices fall below that threshold, the council estimates………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36109 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031