One of the problems is margin. Debt and orebody related problems have squeezed this for sure.
A raise will help and hopefully so will this if it happens:
"CNBC reports US investment bank Citi believes the gold price will benefit from investors looking for yield and from buying related to the metal’s status as a safe haven in times of turmoil.Citi has one of the more bullish forecasts out there – the bank believes gold could add another $100 an ounce within six months and top $2,000 per ounce in the next 12 to 24 months"
DCN Price at posting:
$1.40 Sentiment: Hold Disclosure: Held
