9 June | Gold

Global gold supply to grow 1% in 2025 on record mine output — Metals Focus

Global gold supply to grow 1% in 2025 on record mine output — Metals Focus

Global gold supply is projected to grow by 1% this year due to record mine production, according to a report by Metals Focus. After reaching a high of 3,661 tonnes in 2024, output is expected to rise to 3,694 tonnes in 2025. In contrast, total demand is forecast to decline by 9%, led by a significant drop in jewelry consumption.

Metals Focus forecasts that gold prices will reach a new all-time high this year, with the annual average rising 35% to $3,210 per ounce. This is attributed to US policy uncertainty, geopolitical tensions, portfolio diversification, and active purchasing by central banks.

In 2024, net official sector purchases of gold reached a record 1,086 tonnes, driven by ongoing de-dollarization. Central banks are expected to add another 1,000 tonnes to their gold reserves this year, Mining Weekly reported.

Elena Berseneva MarketCheese
Period: 12.08.2025 Expectation: 1722 pips
Buying Tesla shares as Musk's $29 billion pay package gets green light
Today at 09:51 AM 31
Period: 30.09.2025 Expectation: 3600 pips
When prophecies turn self-fulfilling
Today at 09:25 AM 22
Period: 11.08.2025 Expectation: 700 pips
AUDUSD trying to return to ascending channel
Today at 09:04 AM 24
Period: 12.08.2025 Expectation: 5192 pips
Buying Bitcoin as it rebounds to $120,000
Today at 06:29 AM 27
Period: 31.12.2025 Expectation: 25000 pips
Buying BTCUSD from $109,000
Today at 04:56 AM 13
Period: 11.08.2025 Expectation: 2370 pips
SPX feels weight of updated trade policy and official data release
Yesterday at 11:31 AM 43
Go to forecasts