IAMGOLD ceo sees $1,200 by year end

The price of gold, which just hit the $1,000 per ounce barrier, could keep rising and reach $1,200 by the end of the year, the chief executive officer of Canadian producer IAMGOLD Corp (IMG.TO) (IAG.N) said on Tuesday in Denver.

"You could very easily see $1,200 by year end. It's a possibility," he said in an interview on the sidelines of the Denver Gold Forum industry gathering.

"I can't predict. But do I feel very strongly that the gold price is going to rise significantly over the short to medium term? I am very clear on that."

Asked if that could mean as much as a 50-percent increase, Conway said, "That's a possibility."