“Gold traded at $650.10 a troy ounce, helped by strength in the oil market. South Africa’s gold output fell by 8.9 per cent year-on-year in January, continuing its weak run. Last year, South Africa’s gold output sank to its lowest level since 1922 as the average grade of ore mined continued to decline. The industry is being forced to mine at ever greater depths and higher temperatures as established resources become exhausted.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
For 50 years, Monex has been America's trusted name in gold and other precious metals. With client transactions now totaling over $55 billion, Monex Deposit Company, established in 1987, is today America's premier precious metals dealer because of our dedication to customer service and satisfaction.