From DCN thread with thanks to @colinchi
Bullish chief tips gold to hit $US1380 an ounce
Josh ChiatThe West Australian
Friday, 6 July 2018 8:57AM
Gruyere, 200km east of Laverton, is one of several new gold projects set to boost Australia’s export volumes.Picture: Gold Road Resources
The Federal Government’s chief commodity forecasting body predicts geopolitical pressure will push the price of gold to $US1380 an ounce in 2019 and expects production growth and sustained prices to take its national export value to $20 billion by 2019-20.
The Department of Industry, Innovation and Science’s office of the chief economist expects tensions in the Middle East and political turmoil in Europe could place upward pressure on the price of gold, traditionally seen as a safe haven asset against weakness in the broader global economy.
In the newly released Resources and Energy Quarterly, researchers from the office said they expected mined production in Australia to grow from 303t in the 2017-18 financial year to 314t in 2018-19 and 322t in 2019-20.
They pointed to new supply in the Goldfields from the $500 million Gold Road-Gold Fields Gruyere joint venture in the Great Victoria Desert, Dacian Gold’s Mt Morgan project near Laverton, and the Dalgaranga gold mine in the Mid West as key contributors from 2019 onwards.
Results next week i guess, page-20
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SPR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.23 |
Change
0.235(23.6%) |
Mkt cap ! $1.361B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.24 | $1.10 | $26.99M | 22.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 52000 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 69461 | 3 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| SPR (ASX) Chart |