Australian dollar gold price hits record high amid doubts over production future

From spglobal.com

The Australian-dollar gold price has hit a record high which is building optimism for the country's gold miners that analysts say are struggling to keep production levels from falling after 2020. The Perth Mint confirmed to S&P Global Market Intelligence that the Australian-dollar gold price reached an all-time high of A$1,922.70 per ounce on June 7 while U.S. dollar gold price topped US$1,340 per ounce by the end of that week, up 2.7% over the prior week. S&P Global Market Intelligence forecast earlier this month that Australia's gold production would start to fall after 2020 due to the depletion of numerous ageing ... (full story)