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- Gold Investing News - Investing News Network
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- Gold is the best-known and most popular precious metal, and it’s not hard to see why. Beyond being a key material for jewelry, investors around the world use it as a store of wealth, and many believe that it’s superior to any and all paper currencies. Yet despite its popularity, the gold price is currently languishing well below its 2011 peak of nearly $1,900 per ounce. It took a steep dive midway through 2013, reaching about the $1,250 mark, then dropped below $1,200 at the start of 2014. Since then the gold price has stayed at about that level, with worries about a rise in the US interest rate keeping it subdued. Many expected the lower gold price to lead to mine closures; however, as yet most gold producers have cut costs rather than shut down their operations entirely. Miners have taken diverse approaches to making such cost reductions, including lowering salaries and cutting employees. But perhaps the most common approach has been to cut down on exploration – many gold ...
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- Gold Investing
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