Global

Details

  • Service: Advisory
  • Industry: Mining
  • Type: Business and industry issue
  • Date: 9/18/2012

Gold Q2 2012 – August 2012 

According to a gold statistics commentary released by the World Gold Council (WGC), average gold price declined by 4.8 percent in the second quarter of 2012, to reach US$1,609.49/oz, from US$1,690.57/oz in first quarter of 2012. However, the y-o-y price increased by 6.9 percent from US$1,506.13 in second quarter of 2011. Gold’s inverse correlation with the US dollar was the major factor behind the price decline.
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