DENVER (Reuters) - Gold prices should top $800 per ounce by the end of the year, and supply and demand dynamics favor continued gains, Barrick Gold Corp (ABX.TO: Quote, Profile, Research) chief executive Greg Wilkins said on Wednesday.
"I think before the end of the year we'll see $800," he told reporters at the Denver Gold Forum.
He said supply will be pinched by several global gold projects that may have more difficulty getting developed than the market thinks. Barrick is the world's largest gold producer.