$500 Gold Price Predicted by AngloGold
AngloGold Chief Executive Bobby Godsell told the Australian Gold Forum meeting in Perth that he expected gold to soon trade as high as $500 or more per ounce because of a weak U.S. dollar.
AngloGold Ashanti Ltd. is the second largest gold miner in the world. Newmount Mining Corp is the largest gold miner in the world. AngloGold which is majority owned by Anglo American, mined 6.05 million ounces of gold last year.
The price of gold has not been over $500 US per ounce since 1987. Gold Price History.
Mr Godsell said, "I believe there is every reason for the gold price to trade in a range of $400-$500 per ounce for the foreseeable future. There is the possibility to trade at the top end of that range and even to move modestly outside that top end."
Newmont Mining Corp President Pierre Lassonde predicted the gold price would likely stay in the $425-$475 gold price per ounce range for most of 2005.
AngloGold Ashanti Ltd. is the second largest gold miner in the world. Newmount Mining Corp is the largest gold miner in the world. AngloGold which is majority owned by Anglo American, mined 6.05 million ounces of gold last year.
The price of gold has not been over $500 US per ounce since 1987. Gold Price History.
Mr Godsell said, "I believe there is every reason for the gold price to trade in a range of $400-$500 per ounce for the foreseeable future. There is the possibility to trade at the top end of that range and even to move modestly outside that top end."
Newmont Mining Corp President Pierre Lassonde predicted the gold price would likely stay in the $425-$475 gold price per ounce range for most of 2005.
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