Gold could top $2 000 an ounce and will remain elevated over the next five years as the global economy contends with the impact of the coronavirus pandemic, according to the head of Newmont, the world’s top miner of the precious metal.
“The level of stimulus globally that’s going into the economy certainly underpins higher gold prices for the longer term, and I don’t think that stimulus has stopped yet,” CEO Tom Palmer said Thursday in a phone interview from Perth.