Economic woes could push gold to $2,500-Australia's Newcrest

Newcrest Mining, the world's No.3 gold producer, expects gold to trade as high as $2 500 an ounce and retain its safe harbour status for as long as the world's financial system remains in crisis mode. Newcrest chief executive Greg Robinson told a business lunch on Thursday gold will remain a hedge against a global financial breakdown, citing risks such as a devaluation of the US dollar, the global currency, European economies in dire shape and persistent political tensions throughout the globe.

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