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Goldcorp Founder Holds Firm on His Call for $5,000 Gold

Aug.15 -- Spot gold reached a six-year high on Tuesday, and some analysts expect market turmoil to continue to underpin bullion buying. Hedge funds are the most bullish on futures and options in the metal in three years, as central banks trim borrowing costs in a bid to shore up economic growth. Rob McEwen, chairman and CEO of McEwen Mining and founder of Goldcorp, talks with Bloomberg’s Taylor Riggs about his long-term call for $5,000 gold.