Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Gold traders expect the price of gold to climb between 25 per cent to 50 per cent next year as a coming swarm of political uncertainties will lead investors to bet on the precious metal. Haywood Cheung Tak-hay, the honorary permanent president of the Chinese Gold and Silver Exchange Society, said that events so far this year had caused the per ounce price of gold to fluctuate between US$1,100 and US$1,377.
