$1,200 gold is critical for world production
Adam Pike, News Editor
5 Feb 2014, 10:42 a.m.
The World Gold Council has warned that if the gold price trades below $1,200 for a sustained period world production is likely to decline. According to the council, around 30% of the industry becomes unprofitable if prices remain below the $1,200 threshold.
The World Gold Council is an industry trade lobby whose members include major gold miners.