{"id":7091,"date":"2012-01-16T20:48:19","date_gmt":"2012-01-16T18:48:19","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/miners-see-gold-peaking-around-2000oz-in-2012-pwc\/"},"modified":"2012-01-16T20:48:19","modified_gmt":"2012-01-16T18:48:19","slug":"miners-see-gold-peaking-around-2000oz-in-2012-pwc","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/miners-see-gold-peaking-around-2000oz-in-2012-pwc\/","title":{"rendered":"Miners see gold peaking around $2,000\/oz in 2012-PwC"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Miners see gold price rising, peaking &#8220;around $2,000&#8221;-PwC<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Gold companies eye dividend increases to attract investors<\/p>\n<p><span><\/span><\/p>\n<p>* MA deal volumes up in 2011, value down<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Jan 16 (Reuters) &#8211; Gold miners expect the<br \/>\nprice of the metal to continue climbing in 2012, with most<br \/>\nrespondents expecting a peak around $2,000 an ounce, according<br \/>\nto a survey of gold companies by consultants PwC.<\/p>\n<p><span><\/span><\/p>\n<p>In a report published on Monday, PwC said 80 percent of<br \/>\nthose surveyed expected the gold price to increase, with only 6<br \/>\npercent forecasting a decline. The expected peak was set by<br \/>\nrespondents at between $1,350 and $2,500 an ounce, below last<br \/>\nyear&#8217;s forecasts, which had been as high as $3,000.<\/p>\n<p><span><\/span><\/p>\n<p>Spot gold was trading at around $1,640 on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>The survey &#8211; which included respondents representing 26.5<br \/>\nmillion ounces of gold mined in 2011 &#8211; showed gold miners were<br \/>\nfrustrated that the rising gold price has not impacted shares as<br \/>\nmuch as expected.<\/p>\n<p><span><\/span><\/p>\n<p>One reason is the increased range of financial instruments,<br \/>\nsuch as exchange traded funds, that allow investors exposure to<br \/>\ngold without incurring the strike, cost and political risks<br \/>\nassociated with direct investment in mining firms.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Whatever the strategy, companies need to find ways to allow<br \/>\ninvestors to &#8220;win&#8221; in a more direct way, if gold prices continue<br \/>\nto increase,&#8221; PwC said in the report.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Miners see gold price rising, peaking &#8220;around $2,000&#8221;-PwC * Gold companies eye dividend increases to attract investors * MA deal volumes up in 2011, value down LONDON, Jan 16 (Reuters) &#8211; Gold miners expect the price of the metal to continue climbing in 2012, with most respondents expecting a peak around $2,000 an ounce, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7091","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7091"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7091\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}