Gold prices will hit the $1,000 an ounce mark - and stay above that level for a significant period of time, it has been claimed.
Speaking to Reuters at the Global Mining Summit, Goldcorp chief executive Kevin McArthur said there is a case for the yellow metal to breach the psychological $1,000 milestone and remain above it for some time.
A number of experts have recently put forward predictions of gold not only surpassing $1,000 an ounce in the near future, but perhaps soaring as high as $2,500 an ounce in the longer-term.
According to the Daily Reckoning, gold prices have soared by 37 per cent since US interest rates were first cut in the current cycle in September 2007.
The website states: "Adjusted for inflation, [gold] will have to go up to $2,500 or so, just to match the peak set in 1980. Most likely, it will go far further."
Speaking to Reuters at the Global Mining Summit, Goldcorp chief executive Kevin McArthur said there is a case for the yellow metal to breach the psychological $1,000 milestone and remain above it for some time.
A number of experts have recently put forward predictions of gold not only surpassing $1,000 an ounce in the near future, but perhaps soaring as high as $2,500 an ounce in the longer-term.
According to the Daily Reckoning, gold prices have soared by 37 per cent since US interest rates were first cut in the current cycle in September 2007.
The website states: "Adjusted for inflation, [gold] will have to go up to $2,500 or so, just to match the peak set in 1980. Most likely, it will go far further."