Newmont Expects Gold to Rise as a Hedge, Demand

Reuters reports that Newmont Mining Corp. (NYSE:NEM) expects gold prices to rise in 2011 as a hedge and on demand from emerging countries, such as China, its chief executive said on Friday.

The market news is quoted as saying:

Copper for delivery in three months was up 0.5 percent this week at $9,489.25 a metric ton as of 5:27 p.m. yesterday on the London Metal Exchange.

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