Barrick to Play It Safe Even as Wave of Pandemic Aid Boosts Gold
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The torrent of pandemic-relief money likely means a higher floor price for bullion, according to Barrick Gold Corp. But that doesn’t mean the world’s second-largest producer will be taking a more aggressive approach.
Chief Executive Officer Mark Bristow said gold probably has some room to go higher on a real-dollar basis, but the company will continue to make decisions based on a long-term price of $1,200 an ounce. Gold has shot past the all-time record set in September 2011 in the past month and is trading above $2,000 an ounce.