04.04.2013 - 4 factors that will lead to increasing gold prices
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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