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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Metals and Minerals more

How to find, well, gold, in the troubled mining sector

Posted on 05 September 2014

Gold prices are hovering near a two-month low, but some analysts say there is still value in the companies that mine the precious metal. Gold for December delivery, the currently most-traded active contract, on Wednesday rose by US$5.50, or 0.4%, to US$1,270 an ounce as of 4 p.m. on the New York Mercantile Exchange.
The metal’s stagnant price has raised questions about the financial health of gold miners, which require gold to remain at a certain price to profitably mine it. But CIBC World Markets said some gold companies offer attractive value even at current prices………………………………………..Full Article: Source


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