06.12.2013 - Back to the future? Hedging on agenda as gold prices fall -GFMS
Selling gold that has yet to be mined to lock in a fixed price - a practice used by mining firms that went out of vogue as prices surged - may make sense for them again after a more than 20 percent drop in prices this year. Hedging, or selling production forward, shields mining companies from falling prices but stops them benefiting from gains. It fell out of favour during gold's 12-year bull run, which peaked in 2011 with prices near $2,000 an ounce...............................................Full Article: Source
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