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Gold Price May Reach $2,300 in 2012, Newmont’s O’Brien Says
Sep. 20, 2011 02:06PM PST
Precious MetalsBloomberg reported that Newmont Mining’s (NYSE:NEM) CEO sees gold prices reaching $2030 in 2012.
Bloomberg reported that Newmont Mining’s (NYSE:NEM) CEO sees gold prices reaching $2030 in 2012.
The market news is quoted as saying:
Gold climbed to a record earlier this month and is in the 11th year of a bull market, the longest winning streak since at least 1920 in London. Gold for immediate delivery rose $23.95, or 1.4 percent, to $1,802.63 an ounce at 7:31 p.m. in London trading. It touched a record $1,921.15 on Sept. 6.
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