Gold futures (GC=F) retreating on Friday but not before hitting a fresh record high.
The precious metal up nearly 20% this year amid safe-haven demand. Gold’s appeal to investors giving producers like Alamos Gold (AGI) a lift. The company’s CEO says John McCluskey says the company is seeing “great production across all of our assets adding that “just about the time the gold price takes off, our production’s taking off and our costs are going down.”
As for where gold is headed next? McCluskey says the metal could reach levels of at least $2,650 by the end of the year, with prices being fueled by geopolitical unrest, central bank buying, and concerns about the US debt.
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