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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Price Watch more

Barrick Gold CEO says gold could reach US$2,000/oz in 2-3 years

Posted on 06 March 2014

Barrick Gold Corp, the world’s largest gold producer, said prices for the metal could reach US$2,000 an ounce within two or three years. “I think ultimately we are going to see gold go back up and challenge the highest we saw a couple of years ago and certainly push up through US$1,500 an ounce within the next year,” the company’s chief executive Jamie Sokalsky told Bloomberg.
“Within two or three years, I wouldn’t be surprised to see gold back up towards U$2,000.” The Canadian gold producer could do with some good news after last month posting a loss and US$2.8bn write-down for the fourth quarter as it lowered its gold reserves………………………………………..Full Article: Source


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