Gold News

According to JPMorgan, gold prices have the potential to rise to the $6,000 level by the end of the current US President's term. Such a bullish outlook draws investors' attention to gold miners. One of the promising projects is Estelle, owned by Nova Minerals and located in Alaska.

American stocks and the dollar rallied after China and the US reported major breakthroughs in two-day talks over the weekend aimed at easing trade tensions between the two countries.

According to Bloomberg, Peru's gold production is expected to drop by about 60,000 ounces in the coming month due to a mining ban in the country's northern region. The government has taken extreme measures to curb a surge in criminal activity.

Two of the world's main mining concerns have strengthened their positions among West-African gold miners, Stockhead said. Lundin and China’s Zijin companies bought the 10% stack in Predictive Discovery, which owns the Bankan gold project in Guinea.

Gold prices fell by 1.4% on Monday, driven by positive sentiment surrounding trade talks between the US and China. As geopolitical tensions eased, investors moved away from safe-haven assets in favor of riskier ones, Reuters reports.

According to the World Gold Council (WGC), in April, Asia outpaced all other regions in terms of demand for gold-backed exchange-traded funds (ETFs) with a 65% share of net global volume.

A decrease of the indicator value may contribute to the fall in quotes of Gold.

No change of the indicator value may reduce the volatility of the related markets.

China’s central bank sustained its gold accumulation policy, expanding reserves for a sixth consecutive month, according to Bloomberg. In April alone, the People’s Bank of China bought around 70,000 troy ounces of the precious metal.

In 2025, gold hit fresh all-time highs, jumping 80% since last October. The metal’s rapid rally could trigger another parabolic surge in prices, Kitco News reports.