African Barrick Sees Safe-Haven Gold at $1500/oz

Reuters Africa reported that African Barrick Gold (PINK:ABGLF) predicts gold prices could rise above $1500 per ounce.

The market news is quoted as saying:

The gold price, which hit a record $1,444.40 an ounce on March 7, has risen nearly 1 percent so far this quarter as unease over the outlook for global growth escalated after a wave of civil uprisings across the Middle East and after the earthquake and tsunami in Japan unleashed the world’s worst nuclear crisis in 25 years.