Copper $ 5.454 / lb 1.74%
Brent Crude Oil $ 63.75 / bbl 0.71%
Palladium $ 1502 / ozt 1.35%
Crude Oil $ 60.08 / bbl 0.64%
Natural Gas $ 5.337 / Btu 5.12%
Silver Futures $ 58.8 / ozt 2.15%
Aluminum Futures $ 2918 / ton 0.09%
Micro Gold Futures $ 4227.1 / ozt -0.26%
Micro Silver Futures $ 58.805 / ozt 2.23%
Platinum $ 1655.1 / ozt -0.50%
Gold Futures $ 4243 / ozt 0.08%
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Gold to hit $5,000 as production and new discoveries continue to dwindle

Frik Els | June 15, 2011 | 4:55 pm Precious Metals Gold 

Buying in China and India, central banks increasing reserves and particularly dwindling gold production could potentially drive the gold price to US$5,000/oz says a new report by investment bank Standard Chartered. The report notes that just 1.8% of China’s foreign...

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