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Top U.S. Gold Producer Sees Prices Increasing 25 Percent by 2020

Newmont Mining Corp., the largest U.S. gold producer, expects the price of gold to increase about 25 percent by 2020 on rising demand from China and a weaker dollar.

While Newmont foresees some fluctuations in the short term, it has budgeted for a $1,200-an-ounce gold price through 2017, Chief Executive Officer Gary Goldberg said. The Greenwood Village, Colorado company expects gold to rise to $1,500 an ounce by the end of the decade.