Gold at $1 500 is a new price floor, Kinross CEO says

Gold prices look to have established a new floor at $1 500/oz, Kinross Gold Corp’s CEO said on Monday, giving the Canadian miner confidence to push ahead with expansion plans at a key West African mine. "I don’t see a lot of technical barriers above it, but I do believe that there’s people buying in to where we are today," Paul Rollinson told Reuters at the Denver Gold Forum.