Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

Gold miners to add 10m ounces per year by 2020

Gold miners to add 10m ounces per year by 2020

On Tuesday gold regained its footing after dropping to a near six-month low yesterday as financial markets continue to gyrate following Donald Trump's victory and its likely impact on US interest rates, economic growth and inflation.

Gold for delivery in December was exchanging hands for $1,225.50 an ounce, in pre-regular hours trading on the Comex market in New York. Should gold close at these levels it would be the first up day for the metal after six sessions of declines. Gold has lost more than $100 an ounce after an initial surge on election night last Tuesday.

bmi-global-production-gold-2020

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