“Gold has risen 9 percent so far this year, and the party’s only getting started, says Charles Jeannes, CEO of Goldcorp Inc., the world’s second-largest producer of the metal.
He sees gold reaching $2,000 an ounce within six to 12 months. That represents a gain of 16 percent from the spot price of $1,726 early Wednesday.
“The fundamentals of our product in terms of supply and demand are very positive,” Jeannes tells CNBC. “There will be short-term volatility, but we’re very bullish on the longer-term price.”
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