Regardless of how the gold price is doing, the top gold-mining companies are always making moves. Right now, the yellow metal is in the limelight — stimulated by increasing global inflation, geopolitical turmoil and recession fears, the price of gold set records in 2024, breaking through the US$2,450 per ounce mark. Rising demand for gold
Don Durrett of GoldStockData.com weighed in on the recent market meltdown, saying he sees it as another indicator that the US economy is in trouble and heading toward a recession as the year continues. “I think that we’re going to see kind of like a 2008 scenario where you start seeing big events,” he explained.
Brett Heath, CEO and director of Metalla Royalty & Streaming (TSXV:MTA,NYSEAMERICAN:MTA), believes gold is only at the beginning of its current cycle, with US$2,600 to US$3,000 per ounce potentially in sight this year. “We’ve seen one of the most significant breakouts we’ve ever seen in gold, and there’s very, very few people in this trade,”
If you’ve been watching the gold space in recent years, you may know that the precious metal has appreciated in value by over 750 percent since 2000, when it was under US$300 per ounce. Even when adjusting for inflation, the value of gold is still up a significant 350 percent over that period. Given that
Presenting Barrick’s recently published Sustainability Report for 2023 , Bristow said Barrick’s approach to sustainability was based on an integrated and holistic strategy that seeks to deliver outcomes that are achievable, demonstrable and aligned with global priorities. “With our alignment to the SDGs as a central framework to our sustainability reporting, we are better able