|

Seeking Alpha analyst weighs in on gold

ByVictoria

SA analyst World Gold Council stated: “While gold may face some consolidation due to the speed of its latest move, the combination of geopolitical and geoeconomic uncertainty, rising inflation, lower rates, and a weaker US dollar continue to provide powerful tailwinds to investment demand,”

“I recommend buying assets that track the price of gold… Inflation had been on an upward trend, but the lower-than-expected reading in February added more uncertainty to investors. Additionally, recession fears could lead the Fed to cut interest rates. All these uncertainties drive up gold prices,”

Source – Seeking Alpha

Similar Posts

  • /

    Pan American Silver’s shares down

    ByVictoria
    0 Comments

    Pan American Silver’s shares slumped Monday in the wake of the Canadian miner’s move to buy smaller producer MAG Silver in a cash-and-stock deal valued at about $2.1 billion.

    In morning trading, the shares were 14% lower at C$32.61 in Toronto and down 15% at $23.17 on the New York Stock Exchange. MAG Silver in contrast jumped 8.1% to C$25.49, widening its advance so far this year to 30%.

    The deal between the Vancouver, British Columbia, companies will bolster Pan American’s position as a silver-and-gold producer in the Americas and add a stake in a big producing silver mine in Mexico. The agreement comes after precious-metals prices have rallied this year, encouraging a number of mergers and acquisitions among mining companies.

    Source – Market Watch

  • /

    Resolute Mining generating cash despite Mali limbo

    ByVictoria
    0 Comments

    The Mali situation will rumble on for some time: the company has already paid the country $160mn, agreed while Holohan was still detained, but will only have its longer-term future confirmed once signed on to the 2023 mining code. Berenberg analysts have slashed their cash profit forecasts for 2025 and 2026 by 34 and 39 per cent, respectively, taking them to $261mn and $219mn. 

    Source – Investors Chronicle

  • /

    Ghana gold output to increase

    ByVictoria
    0 Comments

    Ghana’s gold production could increase by around 6.25% to approximately 5.1 million ounces in 2025, up from last year’s record output of 4.8 million ounces, the Chamber of Mines in Africa’s top gold-producing nation said on Friday.

    “We project gold output to range between 4.4 and 5.1 million ounces, buoyed by increased contributions from Newmont’s Ahafo South Mine and Shandong’s Namdini Mine,” Chamber of Mines President Michael Akafia said at an annual gathering in the capital Accra.

    “We’re looking at about 30% to 40% more production than the previous year,” the general secretary of the group, Godwin Armah, told Reuters.

    Source – Reuters

  • /

    $3,000/oz milestone in sight for Gold

    ByVictoria
    0 Comments

    U.S. President Donald Trump’s latest tariff threats have ignited another gold rush, propelling the safe-haven metal to new heights and bringing the glittering $3,000 milestone into view.

    Spot gold climbed to a record $2,911.30 a troy ounce on Monday – its seventh record peak to date in 2025. Prices are already up nearly 11% so far this year after a staggering 27% gain in 2024.

    “Gold is very clearly targeting the $3,000 level and the market is incredibly strong, almost relentless. Now its only a question of when it will scale the level and not if it will,” independent analyst Ross Norman said.

    Source – Reuters

    More Info!

    Scaling to level – In finance, is the ability of an organization to perform well under and increasing or expanding workload.