Government worried about unpredictable nature of gold prices
Jul 31, 2013
GEORGETOWN, Guyana, CMC – The Guyana government says it is monitoring the “unpredictable nature of gold prices” as the commodity was being sold on the market at US$1, 330 an ounce.
Natural Resources and the Environment Minister Robert Persaud said the authorities share the anxiety of the mining community “as to the unpredictable nature of gold prices given the importance of this ministry and the investments made”.
He said discussions were ongoing to come up with measures to cushion the situation and the Ministry of Natural Resources and the Environment may have to establish a "floor price".
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