Update: Barrick Gold Maintains Sector Perform Rating at National Bank After Reporting Q3 Preliminary Production Results at Pueblo Viejo
Industry experts: Gold prices are expected to rise by about 10% within a year, once again reaching a historical new high.
①A recent survey shows that industry insiders expect that the price of gold is likely to rise by about 10% within a year, and set a new historical high next year; ②Gold is one of the best-performing csi commodity equity index in 2024, hitting new highs consecutively, mainly thanks to its safe-haven properties and the extensive purchases by various central banks.
Barrick Gold's preliminary gold production in the third quarter was 0.943 million ounces, lower than expected.
October 16th, Barrick Gold, a Canadian mining company, announced that the preliminary gold production in the third quarter was 0.943 million ounces, lower than the analyst's expectation of 0.975 million ounces, mainly due to the decline in production at the Carlin and Cortez gold mines in Nevada. The company expects the all-in sustaining cost (AISC) of gold to increase by at least 2% from $1498 per ounce in the previous quarter to a forecasted $1491 per ounce as expected by analysts. Due to the increase in production at the Lumwana copper mine in Zambia, the preliminary copper production in the third quarter was 48,000 tons, up from 43,000 tons in the previous quarter. The company stated that it expects
Refusing to callback, far exceeding the model's valuation, Deutsche Bank exclaimed: gold is truly amazingly strong!
Deutsche Bank stated that at certain times this year, gold has risen without financial fair value support. Currently, the Federal Reserve still has further room for loosening, which further strengthens the upward trend of gold. The price of gold is expected to continue to outperform financial fair value at the end of this year, with the largest magnitude since 1998.
Pointing to $2700? Gold approaches historical highs again as investors weigh the outcome of the USA election and the direction of USA Federal Reserve interest rates.
As investors shift their focus to the upcoming USA election, the price of gold is approaching a historical high. Polls predict that the competition in the USA election will be very intense in less than three weeks.
Barrick Holds to Production Target as Quarterly Gold Output Slips, Copper Rises