For the World Gold Council, the outlook is positive overall, even if growth for gold is unlikely to be as high as this year. However, if interest rates rise next year and consumer demand for gold weakens, things could look less rosy. The price of gold reacts to a variety of factors, some of which we may not even be aware of today. At the end of October, the price of the precious metal peaked at around USD 2,790 per troy ounce. This was shortly before the US presidential election. The price of the precious metal was dampened somewhat by the loss of uncertainty and a strong US dollar. A strong US dollar makes the precious metal more expensive for investors from other currency areas. If yields on government bonds fall, the attractiveness of gold, which, as we all know, does not yield interest, increases.
If inflation in the US rises again next year, the US dollar could become even stronger. In combination with promised tax cuts and high import duties, this would threaten to put an end to the Fed’s interest rate cuts. However, experts believe that it is more likely that the central banks will continue to boost the price of gold in 2025. Interest rates are also more likely to fall, which is good for gold. It could also be those tariffs, the high national debt in the US and other uncertainties will drive investors even more into the safe haven of gold. Analysts from various banks and investment houses therefore see the price of gold at around USD 3,000 at the end of 2025, not least due to ongoing geopolitical disputes.
Companies with gold in their projects are among investors‘ favorites, such as Chesapeake Gold – https://www.commodity-tv.com/ondemand/companies/profil/chesapeake-gold-corp/ -. The company owns the very large and promising Metates gold and silver project in Mexico.
Calibre Mining – https://www.commodity-tv.com/ondemand/companies/profil/calibre-mining-corp/ – owns mines in the USA and Nicaragua, is a medium-sized gold producer and is also debt-free. Gold production of around 240,000 ounces is expected for the full year 2024.
Current company information and press releases from Calibre Mining (- https://www.resource-capital.ch/en/companies/calibre-mining-corp/ -).
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