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All told, Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014, a 18% increase from today's price.
Gold bars Reuters. If gold dips below $1,200 per ounce for a âsustainedâ period, serious production cutbacks are likely, World Gold Council representatives warned Monday. The average industry cost of production is $1,200 per ounce, according to the council, which cited recent Thomson Reuters data.