Nigeria resumes mining in Zamfara state on improved security
Nigeria has lifted a ban on mining exploration in the northwestern state after a five-year suspension.
TD Securities Head of Commodity Strategy, Bart Melek Monday predicted “gold will trade materially above the $1,500/oz mark sometime in the second half of 2011.”
“Despite recent strength and record prices, TDS analysis points to more upside for gold into 2011,” Melek advised.
