Goldcorp Inc. Chief Executive Officer Chuck Jeannes said gold will end 2013 at a higher price than where it was at the start of the year.
“I do definitely believe that the macroeconomic factors that have supported the move in the gold price in the last 10 years are even more in place today than they have been,” he said today in a telephone interview. “I expect the bull market for gold to continue.”
Jeannes said he believes the price will rise to $2,000 an ounce at some point. Gold futures in New York dropped below $1,600 today for the first time since August.