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In the state of Western Australia, gold is the third largest commodity sector, behind iron ore and LNG, with a value of A$17 billion in 2021–22.The 6.9 million troy ounces (214 tonnes) sold during this time period was the highest amount in 20 years and accounted for almost 70 percent of all gold sold in Australia.
The price of gold, which often rises when investors are feeling nervous, climbed again Monday to top $2,930 per ounce and set another record. ... The Today Show
In 1970, South Africa produced 995 tonnes or 32 million ounces of gold, two-thirds of the world's production of 47.5 million ounces. [2] Production figures are for primary mine production. In the US, for example, for the year 2011, secondary sources (new and old scrap) exceeded primary production. [3]
Even at current levels, gold has still held onto most of its long-term gains, having traded at around $250 per ounce in 1999. But with prices down more than $500 an ounce from its highs during ...
The average gold price was US$874 per ounce in 2008–09, or A$1,171 per ounce, which was 28 per cent higher than the previous year. [15] While the value of sales increased by 25%, the gold output of the state decreased by 4%, to 4.4 million ounces. Western Australia accounted for 62% of Australia's gold production in 2008–09. [16]
Spot gold was down 0.8% to $1,791.41 per ounce at 1327 GMT, while U.S. gold futures dropped 1.1% to $1,791.20. ... Gold prices retreated on Wednesday from a more than one-month peak hit in the ...