Gold price rebounds 2% as Goldman reiterates $3,000 target
Bullion has declined about 7% from a record last month, with losses accelerating after Trump’s victory.
Ivory Coast can double gold output within two years from the current 7 tonnes per year as more miners seek to tap its estimated 200,000 tonnes of reserves, an industry association official said on Friday.
“We can double production very quickly within the next two years, because there are several companies carrying out exploration, and it is likely that new sites could start production,” said Michel Mian, president of the Interprofessional Mining Group (GPMCI) and head of Australia’s Newcrest (NCM.AX) Ivorian operations.
