Barrick’s Regent Sees Gold-Stock ‘Inflection Point’: Commodities
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Barrick Gold Corp. and Goldcorp Inc., the world’s largest producers of the metal, are poised to outperform bullion after gold-mining companies fell to their cheapest in at least a decade, executives said.
Gold producers are heading for an “inflection point” triggering a rally, Barrick Chief Executive Officer Aaron Regent said in an interview. They have been punished as investors decided the shares should no longer trade as a proxy for physical gold, he said.