LONDON -- (Marketwire) -- 11/15/12 -- While gold prices have been up and down this year, the yellow metal could soon rise, as the pending fiscal cliff in the U.S. could lead prices higher. Gold is often used as a hedge against inflation as well as a safe haven in times of economic uncertainty, both of which could continue through the remainder of 2012 and into 2013. This bodes well for the industry as well as companies such as Newmont Mining Corp. and Kinross Gold Corporation.
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While gold prices remain relatively high, the industry has been facing a number of challenges. Several companies have reported lackluster quarterly earnings, as increased operating costs have eaten into margins and profits. Select companies have also seen production levels drop, which is certainly a concern. Analyst opinion on Newmont Mining Corp. accessible for free at
Moving forward, the industry is well positioned in terms of factors in place that could increase the price of gold, and several companies have been looking to expand their operations through exploration activity while others have been growing through acquisitions. Those that can keep production levels steady, or improve them, while keeping costs down could outperform their peers. See what our analysts have to say on Kinross Gold Corporation. Follow the Link below
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