The price of Gold on the world market has reached an all-time high. The precious metal is selling as at Wednesday afternoon at 1,505 dollars an ounce for the first time after concerns about global economic recovery lifted its appeal as a haven. The soaring price of the metal provides fodder for those who argue that government should review its mining agreements so it would benefit from the windfall. But the Goldfields Executive Vice President in charge of Ghana and West Africa, Peter Tuner argues differently. He told Joy Business mining firms and the state equally benefit from the soaring price of gold on the world market. Government, despite the resistance from the mining firms has managed to increase the royalties for some whilst others are insisting on their stability agreements, a clause that does not allow for a review of the contracts to the disadvantage of the mining companies. Source: Joy Business/Ghana