Gold to hit $US750 an ounce: Newmont
May 22, 2007 - 12:04PM
Newmont Mining Corp, the world's second largest gold producer, says the price of gold will hit $US750 an ounce by Christmas.
Regional group executive of Australia and Asia operation Russell Clark told delegates at the Paydirt gold conference in Perth that former Newmont president Pierre Lassonde believes gold will reach that level in the next seven months.
"Pierre is predicting a price of $US750 for gold by Christmas," Mr Clark said.
From SMH :)
gold to hit usd 750 by xmas
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