Central bank demand could push gold prices to $2,500/oz. in three years, Newmont Mining (NEM)...

|About: Newmont Mining Corporation ... (NEM)|By:, SA News Editor

Central bank demand could push gold prices to $2,500/oz. in three years, Newmont Mining (NEM) CEO Richard O'Brien says, seeing central banks purchasing at least 450 tons of gold next year as they try to diversify reserves and protect against inflation; bank buys on price dips should help create a floor for gold prices at ~$1,600.