The increase in rates was primarily caused by a surge in demand for gold loans and forward sales from South African mining companies.
42.
In a forward sale, a producer sells futures contracts or makes private sales with consumers for delivery from its production several months later.
43.
Barrick has already sold its future gold production for the next three years at higher than current market values using forward sales contracts.
44.
The central banks have also had a key role in lending gold to finance forward sales by producers and short sales by investors.
45.
Speculation that gold demand has been strong enough to absorb an ever increasing amount of forward sales is raising optimism that prices will rise.
46.
Forward sales amounted to a record 511 metric tons last year and this pushed the cost of borrowing gold to all-time highs in November.
47.
The forward sales of palladium are at an average price of $ 131 an ounce for the fourth quarter, well below the current price.
48.
Producers were thought to be scaling back their forward sales in recent weeks as rising prices and higher lease rates made the sales uneconomic.
49.
The company said it continues to deliver all its production into maturing forward sales contracts where the contract price exceeds the current gold price.
50.
A forward sale takes place when miners sell gold borrowed from central banks which they will replace later with metal mined from their own deposits.
How to say forward sales in Hindi and what is the meaning of forward sales in Hindi? forward sales Hindi meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.
