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Barrick Says Gold to Remain High on China, India Inflation
Aug. 02, 2011 04:22PM PST
Precious Metals InvestingBloomberg reported that Barrick Gold (NYSE:ABX) sees gold prices remaining high on inflation in China and India.
Bloomberg reported that Barrick Gold (NYSE:ABX) sees gold prices remaining high on inflation in China and India.
The market news is quoted as saying:
Gold rose to a record last month on concern the U.S. and Europe would struggle to contain their debt burdens. Inflation in China hit a three-year high last month, while India’s benchmark wholesale-price index has remained above 9 percent for seven straight months.
