Gold/silber mining

Article Abstract:

The price of gold has decreased substantially from a norm of $388 an ounce in 1996 to about $332 in 1997 with the sale of gold by a number of central banks, and is expected to reach $300 an ounce in 1998. This may rise to $400 an ounce by the years 2000-2002, but the Asian financial crisis has helped make demand for gold uncertain. However, several gold stocks, such as Placer Dome and Newmont, seem to be attractive over the next three to five years.

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Gold/silver mining

Article Abstract:

The price of gold has averaged $294 an ounce during the 1st qtr of 1998 after falling to $280 an ounce in Jan 1998, but a quick turnaround in gold prices is not expected. The role of gold has apparently changed, as well, in some areas to that of commodity instead of financial asset. Large supplies of gold and only a gradual rise in prices are limitations to investors in gold mining stocks.

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Gold/silver mining

Article Abstract:

Gold prices are predicted to continue rising above normal levels, assisted by sales reserves for five years, although supply levels will remain high with new mining areas being developed. Includes related company details.

United States, Prices and rates, Gold

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