26.10.2011 - Gold may extend rally to record $2,200 an ounce, AngloGold Ashanti says
Gold could “easily” rise to $2,200 an ounce in the next two years as costs increase and global financial concerns persist, said the chief executive officer of AngloGold Ashanti Ltd. (AU), the third-largest producer of the metal. “It costs almost $1,200 to produce an ounce of gold,” Mark Cutifani said at a conference in Perth today. “The gold price probably reflects the fundamentals of the industry.”..............................................Full Article: Source
Print