Projects Niger Quebec Vietnam Industry Info
  |
Gold
The price of gold started 2008 by breaking the long-held all-time high of US$875 an ounce that was set in 1980. Analysts see the price continuing to strengthen thanks to support from the political and economic environment, a decline in mine production worldwide and reduced central bank gold sales. In addition to these factors, demand for gold is increasing. In recent years, demand from the jewelry industry alone has exceeded western mine production. Gold is crucial for a variety of other industries, such as aerospace, medicine, electronics and dentistry.
Mining analysts indicate that gold prices should also remain strong in the face of fast-growing demand from Asian nations, primarily India and China. For instance, India consumes roughly one-third of all world gold mine production annually and that trend is expected to continue.
| Home Corporate Projects Investors News QwikReport Contact |  |