Gold prices could reach $1,600 an ounce by the end of next year, AngloGold Ashanti, the world's third-largest producer, told Reuters on Tuesday.
"We think the direction for gold looks like it could continue to be quite strong on the upside," Mark Cutifani, chief executive of AngloGold Ashanti said at the Reuters Global Mining and Steel Summit.
"You could say we should breach $1,500 next year and we use (an increase of) about $100 an ounce a year on the supply side to give a sense of where the market goes over the long term," he said.
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