A gold bullion bar at a refinery in Switzerland. The price of the yellow metal has gained 23 per cent in the past 12 months as investors sought safety from global uncertainty. Photo: Bloomberg A gold bullion bar at a refinery in Switzerland. The price of the yellow metal has gained 23 per cent in the past 12 months as investors sought safety from global uncertainty. Photo: Bloomberg
A gold bullion bar at a refinery in Switzerland. The price of the yellow metal has gained 23 per cent in the past 12 months as investors sought safety from global uncertainty. Photo: Bloomberg
Commodities
Business /  Commodities

Gold supply heading for peak unless miners ramp up exploration spending, resource consultancy Wood Mackenzie says

  • Gold miners slashed their exploration budgets when the gold price fell from the highs of 2011/12 and have kept them low ever since, say analysts
  • Global gold output from mines edged up 1.1 per cent in the first half of 2019, a marked slowdown

Topic |   Commodities
Eric Ng
Eric Ng

Updated: 6:44am, 4 Oct, 2019

Why you can trust SCMP
A gold bullion bar at a refinery in Switzerland. The price of the yellow metal has gained 23 per cent in the past 12 months as investors sought safety from global uncertainty. Photo: Bloomberg A gold bullion bar at a refinery in Switzerland. The price of the yellow metal has gained 23 per cent in the past 12 months as investors sought safety from global uncertainty. Photo: Bloomberg
A gold bullion bar at a refinery in Switzerland. The price of the yellow metal has gained 23 per cent in the past 12 months as investors sought safety from global uncertainty. Photo: Bloomberg
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