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Dump trucks drive along a road at Altyntau open pit gold mine outside northern Kazakhstan's town of Kokshetau June 13, 2013.
Dump trucks drive along a road at Altyntau open pit gold mine outside northern Kazakhstan's town of Kokshetau June 13, 2013.
(Shamil Zhumatov/Reuters)

DAVID PARKINSON

Moody’s: Gold below $1,200 could bring downgrades

ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.

The plunge in gold prices hasn’t put the gold sector’s debt-laden major producers at odds with their credit raters – yet. But gold’s retreat has exposed and deepened the cracks in some very large balance sheets.