Chart: Which countries are falling behind in gold mine production
India tops the global ranking with demand nearly 50 times that of its mined supply.
Chuck Jeannes, CEO of Goldcorp, the world’s most valuable gold miner, talks to Bloomberg about the outlook for gold prices and their impact on the Vancouver-based company’s growth and hedging strategy, competition and jobs at the company.
The gold price is down 15% this year and April’s dramatic fall – the worst since the start of futures trading in gold – dragged the metal it into official bear territory after a 12-year bull run.
Gold has fought back since dropping $200 an ounce to a multi-year low of $1,326 an ounce over two days mid-April as bargain hunters come back into the market, but on Friday a number of banks cut their forecasts for the gold price.
