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Creamer Media's Gold 2011 report
Creamer Media, May 2011, Pages: 44
The supply of gold from mining operations is expected to grow in 2011, as some of the increased exploration and project spending over the past decade starts to bear fruit. Figures from the World Gold Council show that the supply of gold from mining operations reached 2 543 t in 2010, representing the second year of production gains, after three consecutive years of decline, while demand for gold in 2010 was strong in all sectors, with total annual demand growing by 9% to a ten-year high of 3 812 t. The gold sector's supply and demand dynamics saw the price of the yellow metal rising for the tenth consecutive year in 2010. The average price of gold for the year was $1 225/oz. However, there is much speculation regarding the price of gold going forward.
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