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HOME > PRECIOUS METALS > GOLD NEWS GOLD NEWSGold to hit $1900 by year-ed - Zijin Mining
The Chinese gold and copper miner said it expects the US dollar to continue to weaken and as a result, gold prices are likely to continue their upward move

Posted: Wednesday , 10 Aug 2011

HONG KONG (Reuters) -

Chinese gold and copper miner Zijin Mining Group Co Ltd expects gold prices to reach $1,900 per ounce by the end of 2011, as the U.S. dollar is likely to weaken further, Chairman Chen Jinghe said on Wednesday.

"With the U.S. dollar continuing to weaken, gold prices are bound to set new highs," Chen told reporters at the company's interim results briefing. "It is quite likely for gold prices to reach $1,900 per ounce by the end of the year."