#AngloGold chief can see #gold rising to $2 200/oz by 2012

The chief executive of AngloGold Ashanti , Mark Cutifani, stated that he
expects gold prices to hit $2 200/oz by 2012 and hinted that South African miner
could boost its dividend. This forecast comes as the uneasy economic landscape
– including an unstable euro and Swiss franc and the shaky US debt situation
– are pushing investors into the precious metal. "Given that weve already seen
$1 900 [per ounce] gold, I dont think its unreasonable to expect a price going
up to $2 000, even $2 200," Cutifani said to Reuters during a tour of AngloGolds
Cripple Creek & Victor mine in Colorado, USA. The gold price has jumped about
40% in the past year alone. Spot prices are currently around $1 800 an ounce.
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