| Gold prices are expected to remain within the range of US$1,050 to US$1,550 per ounce, said Public Gold Group founder and chairman Datuk Louis Ng Chun Hau.“The commodity’s price will not dip lower than the US$1,050 level as the mining cost for gold is also getting higher due to elevating prices of crude palm oil and machinery.
“The average mining cost for one ounce of gold is currently equivalent to about US$1,400,” he told a press conference at the half-day gold investment seminar entitled ‘Gold As An Investment Tool — Discover The Potentials’...............................................Full Article: Source
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