Today at 10:23 AM | 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: 30.06.2025 Expectation: 1800 pips
Silver to continue growth despite short-term correction
Today at 11:31 AM 16
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Gold sell
Period: 13.06.2025 Expectation: 4000 pips
Gold to fall to six-month trend line at 3,280
Today at 10:07 AM 39
Period: 20.06.2025 Expectation: 100 pips
Sell SPX until it hits 5,970
Today at 07:54 AM 22
Period: 20.06.2025 Expectation: 600 pips
AUDCAD declines on monetary policy divergence
06 June 2025 56
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 13.06.2025 Expectation: 1500 pips
GBPUSD to continue updating 3-year highs
06 June 2025 87
Period: 18.06.2025 Expectation: 350 pips
Buying natural gas with target at 4.000 on expected increase in cooling demand
05 June 2025 101
Go to forecasts