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Barrick Gold Corp
Symbol ABX
Shares Issued 1,165,081,379
Close 2016-04-19 C$ 20.70
Market Cap C$ 24,117,184,545
Recent Sedar Documents

Globe/wire say Kinross, rivals hear bull calls on gold

2016-04-20 06:25 ET - In the News

See In the News (C-K) Kinross Gold Corp (2)

The Globe and Mail reports in its Wednesday, April 20, edition that gold is one of this year's best performing assets. A Bloomberg dispatch to The Globe reports that top-ranked forecasters say gold has room to extend its advance, even as the rebound shows signs of losing steam. Capital Economics and Cantor Fitzgerald are bullish as real interest rates will probably stay low even if the United States Federal Reserve raises borrowing costs in response to higher inflation. Bullion may surge to $1,350 an ounce by the year-end, says Capital Economics economist Simona Gambarini. The metal will continue to climb, though at a slower pace, says Cantor's Rob Chang. Bullion had its best quarter in almost three decades through March after the metal regained its haven status amid volatile financial markets, the spread of negative interest rates and as the Fed pared back expectations of further rate increases. Holdings in exchange traded funds have climbed almost 21 per cent this year and there appears to be a return of confidence, says Mr. Chang. Bloomberg says Ms. Gambarini was the joint top gold forecaster and Mr. Chang the best precious-metals analyst for the first quarter.

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