Geopolitical worries have more to do with gold rising to record highs than does inflation, Barrick Gold Corp.'s (NYSE:GOLD) chief executive said Monday in a conference call accompanying second quarter results.
"The gold price is up because the world's in a mess, not because of inflation," Barrick CEOMark Bristowsaid on a conference call. "Inflation is part of that mess." He also said the market is undervaluing the company's gold and copper mines.
Gold is often viewed as a safe-haven investment in times of economic and political uncertainty. The precious metal can also serve...
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