Newmont Expects Gold to Rise as a Hedge, Demand

Precious Metals

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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Markets
TSX	21714.54	-297.08
TSXV	579.52	-10.54
DOW	37815.92	-570.17
S&P 500	5035.69	-80.48
NASD	15657.82	-325.26
ASX	7637.40	+61.50

Markets

TSX

21714.54

-297.08

TSXV

579.52

-10.54

DOW

37815.92

-570.17

S&P 500

5035.69

-80.48

NASD

15657.82

-325.26

ASX

7637.40

+61.50

Commodities
Gold	2287.68	-2.15
Silver	26.32	-0.02
Copper	4.53	-0.03
Oil	81.16	-0.77
Heating Oil	2.51	-0.01
Natural Gas	1.95	-0.04

Commodities

Gold

2287.68

-2.15

Silver

26.32

-0.02

Copper

4.53

-0.03

Oil

81.16

-0.77

Heating Oil

2.51

-0.01

Natural Gas

1.95

-0.04

Newmont Expects Gold to Rise as a Hedge, Demand

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