Miners' gold forward sales surged 103 T last year, most since 1999

The volume of gold sold forward by mining companies rose by 103 tonnes last year, the biggest annual increase since 1999, an industry report showed on Friday.

That far outstrips an estimate given late last year of 42-52 tonnes, after Mexican gold and silver miner Fresnillo said it was hedging 47 tonnes of output over five years.

Miners' gold forward sales surged 103 T last year, most since 1999