The latest gold mining CEO to publicly discuss his forecast for the yellow
metal was Mark Cutifani of AngloGold Ashanti (AU). As head of one of the worlds
largest gold producers, Cutifani stated during the Companys recent earnings call
that the price of gold could easily poke through $2,000 per ounce in 2012 and
thus reach a new all-time nominal record high. As for his average gold price
estimate for the year, the AngloGold CEO gave a more modest range of $1,700 to
$1,800 per ounce. In Thursday afternoon trading, shares of AU were lower by 0.7%
at $42.81, but well off their intra-day lows of $41.41.
No comments:
Post a Comment