Seeking to find greater financial stability amidst turbulent economic conditions, miners of all sizes are investing in gold operations, the Wall Street Journal reports today.
The US dollar's rise in recent months has resulted in lower production costs (in nations whose currencies have dropped against the dollar) and created a favorable seller's market for the metal.
Unlike base metals such as copper and nickel, whose prices have been hit dramatically due to an approaching global recession, precious metals like gold and silver prices still enjoy a positive mid-to-long term outlook.
> Some Miners Expand Efforts in Gold Market [WSJ via metalprices.com]
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