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Harmony sees gold at $1,850 in 2012

Posted on 25 October 2011

Harmony Gold sees the price of the commodity to average close to the record spot highs of September in 2012, but doesn’t bank on its peers’ views of sustainable prices north of $2,000/oz. Releasing its annual report for the 2011 financial year on Monday, Harmony said it was expecting the gold price to be around $1,850/oz in its next financial year, as gold continued to entrench its function as a store of value and a currency.

“Our belief in gold remains steadfast and we are forecasting continued high dollar prices in our next financial year, especially given a weaker dollar and global economic uncertainty,” CEO Graham Briggs wrote in his review………………………………………Full Article: Source


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