Daily Gold Update

Source: Reuters

New York— A lower gold supply and strong jewelry demand will continue to support higher prices of bullion, the chief executive of Barrick Gold Corp. said on Tuesday.

Greg Wilkins, CEO of Barrick, the world's No. 1 gold producer, said he expected the gold mining industry would be challenged to maintain the current production level, and miners would need higher metal prices to justify their capital investments. Read more…