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- Dubai Investments announces key leadership appointments
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- Middle East spearheading $600bn global sports market growth
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17/03/2012 05:01 AST
Supply constraints remain a fundamental support for gold, said Sharps Pixley in a briefing.
A steep fall in January production from South Africa and note that the South Africa Chamber of Mines' expected 2012 output of 220 metric tons takes the country back to the level achieved in 1922, they added.
According to Sharps Pixley , the country's share of the world gold market has fallen significantly in the last four year decades because of maturing old mines, rising costs and safety issues related to deeper and deeper deposits.
Sharps Pixley also cited that a pair reports made at the recent conference of the Prospectors and Developers Association of Canada--one saying the size of new deposits and quality/grade are declining, and another saying the gestation period between discovery and first production has reached 14 years.
"Therefore, the long-term supply outlook will continue be constrained which is a key fundamental support factor for gold price," Sharps Pixley concluded.
Commodityonline
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 3,332.5 | 0.9 | 0.03 |
| Silver | 36.78 | 0.0000 | 0.0000 |
| Platinum | 1,397 | 25 | 1.82 |
| Palladium | 1,139.5 | 0.0000 | 0.0000 |
03/07/2025
Gold eased after a three-day gain, before pivotal US jobs data due later Thursday that may shape the outlook for the Federal Reserve's monetary easing path.
Bullion traded near $3,345 an oun
Bloomberg
02/07/2025
Gold prices surged this week as heightened investor anxiety over stalled US trade negotiations, a weakening dollar, and expectations of lower interest rates drove strong safe-haven demand.
S
Khaleej Times
01/07/2025
The Dubai gold price for 22K gained just over Dh3 a gram overnight to Dh370 - and the first time since June 23 that it's gone back to this level. The sudden price rise comes just as shopper activity
Gulfnews
29/06/2025
Gold fell more than 1 percent to its lowest level in nearly a month on Friday due to easing geopolitical and trade tensions and as investors awaited US inflation data for clues on the future trajecto
Reuters
26/06/2025
Gold prices stabilized in on Wednesday's trading, due to a decline in investor interest in the yellow metal as a safe-haven.
Spot Gold was unchanged at $3,326.39 per ounce, after hitting an
QNA
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