Thursday, February 16, 2012

Gold could “easily poke through $2,000″ this year

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tdp2664 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 world’s largest gold producers, Cutifani stated during the Company’s 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. Visit site: Gold could "easily poke through $2,000″ this year



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