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Updated 18:50 25/02/20

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$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

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