Last Updated :
01 February 2012 at 14:05 IST
Gold to hit 2,000/oz in 2012: PwC
LONDON (Commodity Online): Extraction mining companies estimate that the price of gold will rise to $2,000 per ounce in 2012, said a report by PricewaterhouseCoopers (PwC).
Currently, spot gold is traded at around $1.660 per ounce. The price hiked last year by about 10%, but mining companies’ share value of the S & P / TSX Global Gold Index fell by 9%.
In addition, the World Bank (WB) predicts an increase of 1.5 percent of Gross Domestic Product (GDP) for Romania this year, after a WB report released in June 2011 estimated an expansion of 3.7 percent of Romanian GDP. The downgrade is due to the vulnerabilities of the Romanian economy as a result of the debt crisis in the euro area.
MCX COTTON 29 mm 31 May 2012
contract was trading at
Rs 18750 , down Rs. -130 . What's your view on it?
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