With the price of gold in excess of $1,400 an ounce, driven by a...

With the price of gold in excess of $1,400 an ounce, driven by a weak US dollar and unrelenting demand from China and India, and no new major gold deposits seemingly available, analysts are predicting that miners with marginal deposits may re-start production.

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Worldwide gold supply remains at about 2,500 tonnes a year, despite a tripling of the gold price since 2002.

Australian gold production has risen 22 per cent in the year to November 2010.

Recycled gold now makes up 42 per cent of the gold supply.


http://www.abc.net.au/rural/news/content/201012/s3103787.htm