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.
Kyrgyzstan’s largest gold mine, Centerra Gold-operated Kumtor, will produce 18.2 tonnes of gold this year, beating its own forecast of 16.6-17.6 tonnes, the Kyrgyz government said on Saturday.
The government issued a statement on Kumtor after Prime Minister Mukhammedkaliy Abylgaziyev met Centerra Chief Executive Scott Perry. Kumtor produced 16.6 tonnes of gold in 2018.
(By Olga Dzyubenko and Olzhas Auyezov; Editing by Mark Heinrich)
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