Barrick’s Sokalsky Says Gold Price to Resume Rise to Record

Barrick Gold Corp. (ABX) chief executive officer Jamie Sokalsky said gold prices can resume their gains toward the $1,700 to $1,800-an-ounce range.

Factors for “a continued rise in the gold price are still there,” Sokalsky said today at the Bloomberg Canada Summit in Toronto.

Central bank buying, world economic conditions and high debt levels will push gold to a record “in the long-term.”

To contact the editor responsible for this story: Jacqueline Thorpe at jthorpe23@bloomberg.net

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