Lower Gold Output May Have Little Impact on Price

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That's because prospects of lower output have already been built into the price of gold, which was fetching $676 an ounce in the bullion market in New York yesterday afternoon, according to the analysts.

Even though top gold miners were expecting declines in their gold production this year, analysts said this would have only a minimal impact on prices.

That's because prospects of lower output have already been built into the price of gold, which was fetching $676 an ounce in the bullion market in New York yesterday afternoon, according to the analysts.

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