2iC Australia
2iC Australia Pty Ltd is a company built on inspiration, innovation and a drive for excellence in service, providing...
Spot Prices
| USD/EUR | 0.7663 | 0.22 % |
| Pound / Dollar | 0.6373 | -0.45 % |
| Rand / Dollar | 7.2891 | -0.35 % |
| Brent Crude Oil | 77.36 | 1.19 % |
| GOLD | 1167.95 | 1.16 % |
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MiningNe.ws team
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Randgold CEO sees rangebound gold price in 2010
Published Date: March 11, 2010
Source: reuters.com
The price of gold is likely to remain range-bound through the course of 2010, the head of Randgold Resources said on Wednesday.
"This year is going to be a relatively flat year for gold with the price ranging between $1,000 to $1,200," said Chief Executive Mark Bristow, speaking on the sidelines of the Prospectors and Developers Association of Canada (PDAC) mining convention in Toronto. Bristow believes the price of gold will begin to climb again in 2011 as the world begins to face inflationary pressures caused by huge levels of government stimulus spending designed to counter the economic downturn. However, Bristow thinks the U.S. dollar will remain relatively strong as...
