But since miners have cut back their hedging programmes to almost zero, the gold lending market, which is mediated by large bullion-dealing Banks, has dwindled.
The price of gold hit $1058.48 an ounce in the London BullionMarket Thursday local time, which was the highest level in history.
当地时间8日,伦敦黄金交易所金价达到每盎司1058.48美元,创历史新高。
3
Market players say there is now caution about the traditional safe haven of goldbullion because many investors are now cashing in on the commodity's already steep rise this year.