Gold's Cost Of Production Fell In Third Quarter, Along With Gold Prices

Average gold mining costs fell 14 percent in the third quarter from the second quarter and were down 1 percent from last year, according to Barclays, while gold prices have fallen 9 percent in the past two months. Tyler Broda of Nomura said Friday that the Fed's discussion of a possible cut in its $85 billion-per-month bond buying has driven sentiment, and high interest rates have encouraged disinvestment in gold. Second, a lack of rebound in Indian gold imports has outweighed another year of re...