| Declining Chinese demand has caused commodities like iron ore and many base metals to fall in price but gold remains pretty strong according to an expert. The analyst says the historically high gold price and outlook is bolstering the balance sheets of gold miners, and explorers should benefit over the next 12 months.
Mining and resources analyst Ryan Armstrong from Taylor Collison says siginificant interest in Australian gold is driven by the low US exchange rate. "With the market volatility gold is a bit of the 'go-too' precious metal," he said...............................................Full Article: Source
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