forward sales in a sentence
Examples
- The increase in rates was primarily caused by a surge in demand for gold loans and forward sales from South African mining companies.
- In a forward sale, a producer sells futures contracts or makes private sales with consumers for delivery from its production several months later.
- Barrick has already sold its future gold production for the next three years at higher than current market values using forward sales contracts.
- The central banks have also had a key role in lending gold to finance forward sales by producers and short sales by investors.
- Speculation that gold demand has been strong enough to absorb an ever increasing amount of forward sales is raising optimism that prices will rise.
- Forward sales amounted to a record 511 metric tons last year and this pushed the cost of borrowing gold to all-time highs in November.
- The forward sales of palladium are at an average price of $ 131 an ounce for the fourth quarter, well below the current price.
- Producers were thought to be scaling back their forward sales in recent weeks as rising prices and higher lease rates made the sales uneconomic.
- The company said it continues to deliver all its production into maturing forward sales contracts where the contract price exceeds the current gold price.
- A forward sale takes place when miners sell gold borrowed from central banks which they will replace later with metal mined from their own deposits.