HIGH DEMAND: We cannot guarantee our usual delivery service. Orders will be dispatched within 1-3 working days.

Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Next Day Delivery

Ounce Gram
Gold £1266.27 £40.712
Silver £14.019 £0.4507

Updated 18:50 25/02/20

£ $

$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.

View original source at: www.ibtimes.com

comments powered by Disqus