The gold price is likely to hit new record highs in dollar terms, as there is serious concern about the U.S. currency, the chairman of Barrick Gold said on Thursday. "Gold is at record levels in every currency except dollars. Even within dollar terms it is within a few percentage points of an all-time high at a time when all the other major commodities are falling," Peter Munk told Reuters at the World Economic Forum meeting in Davos. "Whether it's the currency effect or a reaction to a feeling of uncertainty, gold in my opinion is more likely to go up than down," the head of the world's largest gold mining company said.

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