Newmont Mining sees further rise in gold price

2 October 2009  Reuters

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U.S. gold and copper miner Newmont Mining Corp sees rising investment demand for gold lifting the price of bullion further.

Chief Executive Richard O'Brien made the comments in a speech at a business lunch.

Gold was almost flat around $1,000 on Friday after it fell in the previous session on a higher dollar, with investors awaiting the release of key U.S. non-farm payrolls data for further direction.

http://www.reuters.com/article/marketsNews/idUSWNAS742720091002