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Barrick sees $1,600 oz gold a "good floor"

Barrick Gold chief executive Mark Bristow, head of the world’s second-largest gold miner, has played down fears of a crash in the gold price next year, saying the industry would be put “out of business” if the gold price fell as some analysts project to $1,500 oz.

Barrick sees $1,600 oz gold a "good floor" Barrick sees $1,600 oz gold a "good floor" Barrick sees $1,600 oz gold a "good floor" Barrick sees $1,600 oz gold a "good floor" Barrick sees $1,600 oz gold a "good floor"

Barrick's Bristow sees $1,600 gold as "good floor"

Gold prices have come under pressure this year from a series of interest rate increases, led by the US Federal Reserve, that have dented bullion's attraction as an investment or a safe-haven