Gold May Climb to $2,500 by 2013, Newmont’s O’Brien Says
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Newmont Mining Corp., the largest U.S. gold producer, said the price of bullion may jump 36 percent to $2,500 an ounce by 2013.
“I don’t see the facts to cause the gold market to change in at least five years,” Chief Executive Officer Richard O’Brien said in Dalian, China today. Gold may gain to more than $2,000 in 2012 and stay high for the next five years, he said.