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Gold Price Will Get a Boost on Supply, Safe Haven Appeal: Newcastle
Mar. 20, 2013 11:45AM PST
Precious MetalsBloomberg reported that Australian miner Newcastle expects support for gold in the near term, supplied by its safe haven appeal.
Bloomberg reported that Australian miner Newcastle expects support for gold in the near term, supplied by its safe haven appeal.
As quoted in the market report:
Gold may trade between $1,500 to $2,000 per ounce this year, Greg Robinson, chief executive officer of the Melbourne- based company, told reporters today at conference in Hong Kong. Bullion for immediate delivery last traded at $1,612.70 an ounce.
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