Goldcorp Sees About $1,200 Price Floor for Gold on Asian Demand
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Gold won’t dip much below $1,200 an ounce as Asian buyers help create a price floor, according to the biggest producer of the precious metal by market value.
Gold will probably trade in a range of about $1,200 to $1,400 in the next six to 12 months, Goldcorp Inc. Chief Executive Officer Chuck Jeannes said in a phone interview today. While continuing uncertainty about U.S. monetary policy will keep financial investors hesitant, physical demand will support prices, he said.