Gold industry experiencing challenge to discover new resources

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
According to the largest gold producer, discovery rate of new resources decreases, while the exploration expenses reached the record level of $8 billion last year. Three new sources were discovered last year, as in 1991 the number was 11 and none of those are not "super big".  Due to a decreasing production quantity and a boosting demand from investors and central banks, gold price experiences a 12th annual gain and currently is traded at $1,724.3 an ounce.
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Tue, 13 Nov 2012 10:17:55 GMT

British inflation accelerated on tuition fees last month

The Office for National Statistics reported on Tuesday that annual inflation in the United Kingdom gained more than expected in October. The British inflation reached a level of 2.7% compared to a reading of 2.2% in the preceding month. Economists, however, expected a 2.4% increases last month. The bureau commented that tuition fees were the most significant contributor to the

Tue, 13 Nov 2012 11:56:37 GMT

Australian Dollar slips on European debt issues

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