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Mining Journal Intelligence Investor Sentiment Report 2024
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PRECIOUS METALS
Gold price surge starts in hedging
Gold is heading back up to US$1900 an ounce according to a leading investment bank and might even be there if prices being offered by banks to big producers in hedging contracts is a guide.
The $1900/oz forecast comes from Citi in the latest edition of its quarterly Commodity Strategy research report. The hedging price of around $1900 comes from Stuart Tonkin, chief executive of Australian...
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