VanEck’s Post

Ride the Gold Bull - Has the train left the station? 🚅 In this monthly letter, we have focused extra on #gold, which has reached new all-time highs! Key insights from our monthly letter | Elements, April 2024 🎯 - Our "Gold Outlook 2024" target of 2,475 USD per troy ounce now seems almost conservative given gold's performance, especially as major banks like JPMorgan and Goldman Sachs have shown strong commodity optimism. - Central banks remain major buyers of gold. - After high extraction costs slowed the rise of mining companies in the last year, costs have stabilized and we see great potential in silver. You can read it here 👇 https://lnkd.in/d-MtfyBC More than 5000 subscribers receive this letter every month. Don’t forget to subscribe if you like it 📭 #goldinvestment #auaggoldmining #goldmining

#Gold reached another high this morning at $2,670.2 an ounce boosted by weaker dollar amid investors hopes of more interest rate cut globally. The PBOC's announcement yesterday to boost liquidity by ~ 1 Trillion Yuan could also trigger further gold buying (especially investment demand) in the Chinese gold market. Yet at this gold price level, will the PBOC increase its gold reserves holdings? Their gold holdings remains around 5% of total reserves (latest stats 5.1% as of July per World Gold Council ) vs. >60% in other countries like the #UnitedStates, #Germany, #France, #Japan, #Lebanon, #Venezuela, #Greece, #Bolivia). So far both the gold price and its rally accurately forecasted in my 2H prediction, including other commodity price forecasts. Higher metal prices including gold, could drive some mining equities rerating as we enter 3Q earnings season. But what's next for metal prices in 4Q and 2025? Which miners will see strongest earnings improvements and who will be the weakest link(s)? Stay tune 😉 Disclaimer: Comments and opinions are my own. #preciousmetals #commodities #bullion #gold #metals #mining #equities #China #centralbank #interestrate #ratecuts #PBOC

Here’s some research articles this week that stood out to me: Global gold ETFs saw fourth month of inflows in August, says WGC: Link -> https://lnkd.in/gbHMreUr “...gold ETFs had three consecutive years of outflows amid high global interest rates…” Good news, but the sentiment ship is going to take more time to turn fully around. Central Bank Gold Buying Doubled in July: Link -> https://lnkd.in/gjFhDHcn “Central bank gold buying in 2023 built on the prior record year. Total central bank gold buying in 2022 came in at 1,136 tons. It was the highest level of net purchases on record dating back to 1950...” More records. Why gold has lost its status as a haven from inflation and market chaos: Link -> https://lnkd.in/g-R3hmsG “[Inflation, recession, and global trade disorder] traditionally drives investors to buy gold, a safe store of value for centuries. Yet the price of gold, along with equities of gold miners, are in free fall.” This is from September 2022. The two year anniversary of it was highlighted by Ronald-Peter Stoeferle, CMT, CFTe, MSTA. Be ready for these again when gold goes more than week without setting a new record high. Stay focused.

Why is the global price of gold reaching new heights? 🌟 Gold has broken through the $2,600 per ounce barrier, setting a new all-time high in 2024. This remarkable rally has consistently outperformed expectations, making gold an attractive asset for investors seeking quick returns on this traditionally long-term investment. Amidst economic uncertainties such as geopolitical tensions and inflation concerns, gold's appeal as a safe-haven asset has surged. Investing in gold now serves as insurance against future economic downturns, diversifying portfolios and mitigating risks during turbulent times. With strong demand from central banks globally and innovative technological applications, the foundation for sustained gold prices remains solid. Moreover, emerging technologies in various sectors are creating new avenues for gold consumption, while the stable supply side of the market further supports the case for investing. As gold mining output remains consistent and challenges in developing new mines persist, scarce supply increases in the near future indicate a promising outlook for gold investment. 📈💰 #GoldPrices #Investing #SafeHavenAsset #EconomicOutlook

The appeal of gold is becoming stronger amid the start of an aggressive interest rate easing cycle in the U.S. As noted by Reuters, geopolitical risks, such as ongoing conflicts in Gaza, Ukraine, and elsewhere, will ensure to sustain gold's safe-haven demand. The conditions are favourable for Kaiser Reef to continue to grow production from its high-grade Victorian gold mining operations. #gold #goldmine #kaiser #mining #asx

Golden Prospect Precious Metals Investment Fund have released the April Fact Sheet for the fund. Fund managers Robert Crayfourd and Keith Watson comment on the recent trends across the #mining and #gold sectors. 📈 The Fund’s total return was over 4% for the month. ⬆ Despite the headwind presented by the strong US dollar, #gold rose 1.5% in April. Latest World Gold Council data showed continued central bank buying, led by China. As well as the Chinese gold price being sustained steady $20-$40/oz premium over western pricing so continues to drive flows from the West to East. Middle Eastern and international trade risks, together with the reappraisal for slower US FED rate cuts, coincided with a correction in broader markets which may also have contributed to the performance of the safe-haven #preciousmetal Read the full report here: https://lnkd.in/dYFpPEhg #investment #trust #gold #equities

🪙 Gold in 2025 ⛏️ As we enter 2025, investment demand continues to dominate #gold price trends, driven by economic, financial, and political uncertainties. With gold prices averaging $2,370 in 2024, a 21% rise from the previous year, CPM Group forecasts further increases to around $2,730 in 2025. The combination of global economic concerns and heightened geopolitical tensions, including potential policy shifts with the return of Donald Trump as U.S. president, is likely to keep investors turning to gold as a safe haven. Global mine production is projected to grow by 1.5%, while recycled gold supply may rise by 10% due to higher prices and worsening consumer economics. Central banks are expected to remain net buyers, although at reduced levels, as high prices temper purchasing activity. Meanwhile, investor demand for gold is anticipated to surge, potentially reaching 44 million ounces in 2025, reflecting continued uncertainty in financial markets. With a recession looming as a possibility, gold's safe-haven appeal remains strong. What are your thoughts on gold’s outlook this year? #Gold #Mining #Investment #Commodities #MarketOutlook The Northern Miner article https://lnkd.in/gMYs2Z9b

With no argument that Gold is moving in the right direction is it not incredibly apparent that the media has assisted in fueling this gold/silver frenzy. There are lots of things to invest in that are new and yes definitely more risky but are probably worth taking a look at. For example Web3 is here and with it will come outsized returns compared to Web1 and Web2....might be worth a look. #finance #markets #global #macro #gold #media #web3 #returns

🌟 Gold prices surging past $2,500: We're witnessing a pivotal moment for the precious metals market. 🔎ANALYS VIEW: -The long-term bullish pattern indicates momentum toward the $2,600 level, with potential for further advancement to the $3,000-$3,300 range based on Fibonacci projections. This milestone not only underscores the enduring value of gold as a hedge against economic uncertainty but also highlights the immense potential of ongoing exploration projects like ours at the Fokolore Gold Project in Mali. As we advance our exploration efforts, the rising gold market only reinforces the importance of our work and the value we aim to deliver to our stakeholders. Read more about the factors driving this historic price movement and why now is a crucial time for the gold industry 👇 https://lnkd.in/gcZfYEx6

ICYMI: In his speech, John Reade from the World Gold Council provides an update on the gold market, discussing its performance in 2023 and the record highs in 2024. He highlights the strong performance of gold, which has hit record highs in multiple currencies. The presentation also explores the factors driving gold, including central bank buying, Chinese retail demand, and geopolitical factors. John Reade also addresses the underperformance of gold mining equities and suggests that the lack of attention from generalist funds and the absence of big wins for small companies may be contributing factors. The potential catalysts for a change in sentiment towards gold equities are discussed, including lower interest rates and improved performance of gold and silver. / via @swissresourceag #GeneralKnowledgeandMarketInformation #MarketAnalysisampResearch