Outlook for the gold price

There are no indications that the strong gold purchases by many central banks will change. The central banks have probably even bought more gold than the figures, for example from the World Gold Council, indicate. Asia and the Middle East in particular may have increased their gold reserves without making them public. Towards the end of 2024, the price of gold in almost all reference currencies was only just below all-time highs. And at the beginning of January 2025, the price of the precious metal reached record levels, calculated in Brazilian real, South African rand and Australian dollar. Last week, the gold price almost reached the record price of October 2024.

It is clear that there is potential for a correction when the price of gold is high. But the precious metal is currently defying fluctuations in the US dollar or the development of bond yields. More important seems to be the fact that gold offers protection as a safe haven and optimally diversifies the portfolio. China’s buying behavior will be a factor in the further development of gold prices. It remains to be seen whether the high prices will discourage buying or not. In 2024, China’s demand for gold fell by almost ten percent, mainly due to lower demand for jewelry and the record high price. Bars and coins, on the other hand, were in demand. They went over the counter a good 24 percent more. Indians bought less gold but spent more.

The Indian population’s love of gold remains unbroken. Overall, global demand for gold last year probably reached a new high in fiat currency terms. More gold was bought in the third quarter of 2024 than ever before. That is around five percent more than in the previous year (according to the World Gold Council). Gold is still the first choice as a crisis currency. But the should of gold companies should not be forgotten either.

There is Aurania Resources – https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ -, which focuses on precious metals and copper in South America. Its main project is The Lost Cities-Cutucu project in the Andes.

Sibanye-Stillwater – https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ – is a mining group active on five continents. It produces gold, platinum and palladium. Sibanye-Stillwater also has its eye on the battery metals sector.

Latest corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) Sibanye Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -).

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