and prices for the metal could head much higher in the coming years, he said — adding that gold at $3,000 may "look cheap" three to four years out from now.
Gold surged to a seven-year high earlier this ... but most industrial commodities have remained “reliably cheap”. Indeed, they are “about as cheap relative to stocks as they have been ...
This is a critical factor for a company like Newmont because higher gold prices will lead to higher revenues and, potentially, margins. But the question is whether it's a cheap ASX stock.