The gold industry is in a difficult place right now. Since the April crash, the price of spot gold has remained in between $1250 and $1350 per ounce. Gold manufacturers were not expecting that cataclysm, and are having a hard time adjusting to the new price structure of the industry. According to a new Citigroup Inc. (NYSE:C) report, that’s going to have negative effects for some time to come.
The Citi report relies on the bank’s propriety model for gold costs across the world. The firm reckons...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
