Gold Below $1,100 Threatens Profit at One-Third of Producers
Gold Is 'Alternative Currency' in Some Ways, Trauner Says
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With gold trading below $1,100 an ounce, profit at one-third of the producers of the precious metal is under threat, according to Bloomberg Intelligence.
Among 18 gold companies that reported so-called all-in sustaining cash costs in the first quarter, six had costs above $1,100, according to a Bloomberg Intelligence note on Friday.