Glittering haven: Gold of various weights and sizes sit at Gold Investments Ltd bullion dealers in London. Newmont says there are many signals that point to gold staying at its current high levels. — Bloomberg
TORONTO: The world’s biggest gold producer sees the price of the precious metal remaining “elevated”, as governments continue pandemic stimulus spending, but don’t expect that to change Newmont Corp’s focus on fiscal “discipline” any time soon.
Gold skyrocketed to record heights above US$2,000 an ounce in August, helping lift miners’ cash flow, stock prices and likely the hopes of shareholders expecting higher returns. Spot gold has since dipped a bit, but the haven metal is still trading in record territory above US$1,900.
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