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English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com. The data is in section Chart Data.
A 10% increase in the gold price to $660 per troy ounce ($21/g) will push that margin up to $360, which represents a 20% increase in the mine's profitability, and possibly a 20% increase in the share price. Furthermore, at higher prices, more ounces of gold become economically viable to mine, enabling companies to add to their production.
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Fluctuation in gold prices can influence investment decisions, currency values, and trade balances in gold-producing and consuming countries. [105] [106] Furthermore, the global gold supply chain involves complex networks of mining companies, refineries, traders, and retailers. Ensuring ethical and sustainable practices throughout this supply ...
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Moraine Assembly's closing is the subject of the HBO short documentary, The Last Truck: Closing of a GM Plant. It was filmed by local directors Julia Reichert and Steve Bognar with the help of several Moraine Assembly workers. [9] The film was nominated for the Academy Award for Best Documentary (Short Subject) in 2009. [10]
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