Where is the gold price heading-
Alongside many positive voices that the gold price is continuing to rise, there are also negative voices
(PresseBox) - Analysts at Deutsche Bank recently raised their price forecasts for the precious metal. They expect an average of USD 3,139 per troy ounce of gold in 2025 and USD 3,700 in 2026. This is due to geopolitical and economic developments. The US investment bank JPMorgan has been optimistic for some time. The bank experts have been correct in their forecasts for the last two years. For 2025, they expect an average price for the precious metal of USD 2,950, at times even USD 3,000. Higher inflation, increased tariffs and an expansion of trade tensions are positive factors for a rising gold price. However, there are also other opinions.
According to Business Insider, Mills warns that the price of gold could fall significantly over the next five years. He believes a price of 1,820 US dollars per ounce is possible by 2030. He sees one reason for this in possible massive increases in production. This is because a high gold price increases the intention to get a gold mine up and running. Pro aurum s argument against this is that the amount of gold is finite and cannot be increased at will. New gold discoveries and the development of a mine cause high costs and the time until the first gold can be mined is long. Mining costs have also risen and environmental requirements are becoming stricter.
The factors driving the gold price, such as the Trump policy, central bank purchases or a weaker US dollar, as well as trade disputes and geopolitical crises, seem to be manifesting themselves. This makes it easier to take a positive view of the future of the precious metal, including the future of gold companies such as Tudor Gold or Fury Gold Mines.
Fury Gold Mines - https://www.commodity-tv.com/ondemand/companies/profil/fury-gold-mines-ltd/ - has promising projects in Quebec and Nunavut. The acquisition of Quebec Precious Metals by Fury Gold Mines is proceeding according to plan.
Tudor Gold - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - owns the Treaty Creek project in the Golden Triangle in British Columbia (gold and copper). Resources grew encouragingly in 2024.
Current company information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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Datum: 10.04.2025 - 08:20 Uhr
Sprache: Deutsch
News-ID 720206
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"Where is the gold price heading-"
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