Glimmer of hope

Amid ongoing dire economic results, safe haven purchasing has kept gold at a relatively high price of late, hovering above US$960/oz in late February. For pureplay gold miners or gold-focused players with established portfolios of working mines, this is welcome news and for Barrick, Newmont, IAMGOLD, Polyus, AngloGold Ashanti and others things do not seem quite so bad.

Amid ongoing dire economic results, safe haven purchasing has kept gold at a relatively high price of late, hovering above US$960/oz in late February.