Gold Miners Eschew Hedging to Lap Up Sky-High Prices - WSJ
1. Gold prices surpassed $3,500/oz, hitting record highs. 2. Miners avoid hedging due to past revenue losses in the 2000s. 3. Gold-mining margins are at a 50-year high, reflecting profitability. 4. Hedging remains limited, with producers preferring unhedged positions. 5. Market analysts predict potential price declines in upcoming years.