Mining News

Gold’s floor price is getting higher, Newmont’s Palmer says

st gold producer isn’t about to join bullion bugs in predicting a price rally. But Tom Palmer does see a higher floor forming under the market as years of stimulus devolve into a fight to contain inflation.

As global markets wilt on fears of stagflation, gold has stayed relatively resilient given its haven status. Prices are set to stay around current levels of about $1 800/oz, or even a little higher, amid inflationary, economic and geopolitical uncertainties, said Newmont’s CEO.

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