Barrick Chairman Sees Secular Trend

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Speaking at the World Economic Forum in Davos, the Barrick chairman of the the world’s biggest gold producer commented that while the gold price may be volatile, its upward climb is not over. “It may fluctuate, (but) to us and I think to our investors, the key criteria should be that it’s got a secular tendency now to move up year in and year out” said Peter Munk. “While it may trade off in the two-week or three-month period, I think the trend is here to stay.”
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