Gold-inflation disconnect
Gold’s vexing disconnect from reported inflation took center stage again this week.
Kyrgyzstan’s largest gold mine, Centerra Gold-operated Kumtor, will produce 18.2 tonnes of gold this year, beating its own forecast of 16.6-17.6 tonnes, the Kyrgyz government said on Saturday.
The government issued a statement on Kumtor after Prime Minister Mukhammedkaliy Abylgaziyev met Centerra Chief Executive Scott Perry. Kumtor produced 16.6 tonnes of gold in 2018.
(By Olga Dzyubenko and Olzhas Auyezov; Editing by Mark Heinrich)
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