HONG KONG Nov 12 Gold prices may hit $2,000 an
ounce in 2013 as rising costs and production constraints hold
supply in check, while demand from central banks and Chinese
consumers keeps climbing, Barrick Gold Corp, the world's biggest
gold producer, said on Monday.
Barrick Chief Executive Jamie Sokalsky said supply
would struggle to keep pace with rising demand as economic
uncertainties and new investment tools in Asia drive more
investors to the precious metal, boding well for prices.
"If demand continues to rise, which we think it will through
China buying more gold, more investment demand for gold, (and)
central banks continuing buying more gold rather than selling as
they used to, I feel quite comfortable predicting that gold
prices will within the next year be at $2,000, perhaps higher,"
Sokalsky said. "It's going to be a demand-driven type of move."