| AngloGold Ashanti Ltd.Chief Executive Mark Cutifani said Tuesday the price of gold could exceed US$2,000 a troy ounce this year as demand remains robust in fast-growing economies like India and China.
Cutifani expected the gold price, which settled Monday at US$1685.60 an ounce, to average between US$1,700 and US$1,800/oz in 2012. "We could see it peak at well over US$2,000 in my view, but it is going to move around a fair bit, I think, as news flow from Europe, the U.S. and other countries continues," he said...............................................Full Article: Source |