Anglogold says $1,500 gold possible in 2011

8 February 2011  Reuters

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 Top African gold producer Anglogold Ashanti expects record gold prices to be sustained in 2011, with the precious metal between $1,300 and $1,500 an ounce, its chief executive said on Monday.

"I certainly believe they are sustainable. The fundamentals are very strong," Mark Cutifani told Reuters on the sidelines of an African mining conference in Cape Town.

http://af.reuters.com/article/investingNews/idAFJOE7160JZ20110207