Newmont CEO Expects Gold in $1,350-$1,500 Range

Precious Metals

Reuters reported that the CEO of Newmont (NYSE:NEM) sees gold prices to trade between $1350 and $1500 per ounce in 2011.

Reuters reported that the CEO of Newmont (NYSE:NEM) sees gold prices to trade between $1350 and $1500 per ounce in 2011.

The market news is quoted as saying:

On Monday, spot gold rose about 1 percent to $1,432.29 an ounce by 12:28 p.m. EDT, about $10 below a record high of $1,444.40 set on March 7.

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