Gold price in 2012

Gold price in 2012 May Reach $2,300 because of investors buying the gold metal as a haven amid turmoil in financial markets. To predict Gold price in 2012 "Newmont company" record on July that second-quarter production costs advanced to an average of $588 an ounce, from $507 a year earlier. Capital and operating costs are increasing as gold- mining companies compete for a limited supply of workers and inputs such as energy and building materials.Cost inflation is something we’re all going to have to deal with,and When you have $15 billion-plus of projects in Australia, of which our projects might be less than $1 billion, we have very little capacity to impact what it costs to produce steel.