GOLD – PRICES

Golden time as bullion hits new heights

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Original article by Charlie Cunningham
The Australian – Page: 13 & 19 : 24-Dec-25

The gold price has risen by more than 70 per cent so far in 2025, which is the strongest annual performance for the ‘safe haven’ in over four decades. The spot price reached a new peak of $US4,497.80 an ounce on Tuesday, compared with about $US2,624/oz at the start of this year. Factors such as central bank buying and geopolitical tensions have contributed to the rally in the gold price, as well as the shares of Australian-listed gold producers. Meanwhile, Justin Lin from Global X says the gold price could potentially rise to around $US5,000/oz in 2026.

CORPORATES
GLOBAL X ETFS AUSTRALIA

Aussie gold production set to grow

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Original article by Stuart McKinnon
The West Australian – Page: Online : 16-Mar-22

Fitch Solutions is upbeat regarding the near-term outlook for Australian gold producers. The research house has forecast that local gold production will grow by an average of one per cent over 2022-2026, and gold output will rise from 10.8 million ounces in 2021 to at least 11.15 million ounces in 2031. The firm now expects the gold price to average $US1,900/oz in 2022, compared with its previous forecast of $US1,700/oz; it notes that the invasion of Ukraine has prompted renewed interest in gold as a ‘safe haven’ asset.

CORPORATES
FITCH SOLUTIONS

Fool’s gold: $2bn hedge hole

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Original article by Nick Evans
The Australian – Page: 17 & 20 : 5-Mar-20

The gold price is currently trading at around $2,450 an ounce in Australian dollar terms. However, the nation’s leading gold producers have locked in forward sales of more than three million ounces at prices well below this level. Newcrest Mining stands to incur the biggest loss from gold hedging, having locked in sales of more than 658,000 ounces from the Telfer mine at just $1,875 an ounce over the next three years.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM

Investors ride out Iran’s missile attacks

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Original article by David Rogers
The Australian – Page: 13 & 18 : 9-Jan-20

The price of Brent crude oil has peaked at a four-month high in response to Iran’s missile attacks, while the spot gold price reached an 11-year high. The Australian dollar fell to a three-week low, but the local sharemarket closed only slightly down after clawing back initial losses. Kyle Rodda of IG Markets has downplayed the prospect of a US-Iran war, noting that this would not be in the strategic interests of either country. AMP Capital’s Shane Oliver warns that geopolitical risk will remain an issue in 2020.

CORPORATES
IG MARKETS LIMITED, AMP CAPITAL INVESTORS LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Trump chatter, low rates fuel gold boom

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Original article by William McInnes
The Australian Financial Review – Page: 27 : 27-Jun-19

The US spot gold price has gained more than per cent so far in June, amid falling bond yields, expectations of global monetary policy easing and ongoing trade tensions. Jasper Lawler of London Capital Group expects the price of gold to continue to rise, with the firm lifting its medium-term target for the precious metal to $US1,680 an ounce. Shares in Australian-listed gold producers have also rallied in June, but Morgan Stanley says the sector is now too expensive.

CORPORATES
LONDON CAPITAL GROUP, MORGAN STANLEY AUSTRALIA LIMITED, ST BARBARA LIMITED – ASX SBM, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, NEWCREST MINING LIMITED – ASX NCM, NORTHERN STAR RESOURCES LIMITED – ASX NST, REGIS RESOURCES LIMITED – ASX RRL, TF GLOBAL MARKETS, OANDA AUSTRALIA PTY LTD

Miners’ shares soar as $A gold price hits record high

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Original article by Paul Garvey
The Australian – Page: 20 : 4-Jan-19

The price of gold in Australian dollar terms reached a record high of more than $1,859 an ounce on 3 January, eclipsing the previous peak of $1,819.44 an ounce in July 2016. The rally in turn boosted the share prices of local gold producers, with Newcrest Mining advancing 4.3 per cent and Evolution Mining, Northern Star Resources and Saracen Mineral Holdings rising to new highs.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, EVOLUTION MINING LIMITED – ASX EVN, NORTHERN STAR RESOURCES LIMITED – ASX NST, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, BARRICK GOLD CORPORATION, NEWMONT MINING CORPORATION

Gold company bosses expect more volatility

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Original article by Tess Ingram
The Australian Financial Review – Page: 27 : 30-Nov-16

The gold price reached a nine-month low of $US1,182 an ounce in late November 2016, defying expectations of a rally following Donald Trump’s presidential election win. It was trading above $US1,300 prior to the election, and Resolute Mining CEO John Welborn expects further volatility in the gold price in the near-term. Meanwhile, Dacian Gold will partially finance its Mount Morgans project via a $A150m equity raising, while Northern Star Resources’ COO Stuart Tonkin will succeed CEO Bill Beament. The latter will become executive chairman.

CORPORATES
RESOLUTE MINING LIMITED – ASX RSG, DACIAN GOLD LIMITED – ASX DCN, NORTHERN STAR RESOURCES LIMITED – ASX NST

Demand rally seen as strong enough to withstand US rate rise

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Original article by Jessica Sier
The Australian Financial Review – Page: 27 : 7-Sep-16

Cadence Capital’s Karl Siegling argues that a rise in US interest rates is likely to have only a short-term impact on the recent rebound in commodity prices. James Gerrish of Shaw & Partners notes that while the gold price is likely to be the most affected by a rate rise, the iron ore price is primarily influenced by supply and demand considerations. Siegling adds that base metal producers will be the hardest hit by a rise in US interest rates.

CORPORATES
CADENCE CAPITAL LIMITED – ASX CDT, SHAW AND PARTNERS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, MACQUARIE WEALTH MANAGEMENT, INDEPENDENCE GROUP NL – ASX IGO

US election a Trump card for gold price, says Beament

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Original article by Peter Ker
The Australian Financial Review – Page: 19 : 21-Jul-16

Northern Star Resources’ gold production totalled 558,143 ounces in 2015-16, with sales of 561,153 ounces. MD Bill Beament remains bullish about the outlook for gold, forecasting that the recent rally in the price of the precious metal will be sustained. He notes that the UK’s vote to leave the European Union has had little impact on the gold price. He expects the gold price to rise further if Donald Trump wins the US presidential election, although he did not specifically name the Republican candidate.

CORPORATES
NORTHERN STAR RESOURCES LIMITED – ASX NST, UNITED STATES. FEDERAL RESERVE BOARD, REPUBLICAN PARTY (UNITED STATES)

‘Something’s gotta give’: rising stocks, bonds and gold sound alert

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Original article by Michael Roddan
The Australian – Page: 19 & 27 : 13-Jul-16

The Australian sharemarket has gained six per cent since reaching its recent low in the wake of Great Britain’s vote to leave the European Union. Meanwhile, the S&P 500 has risen by 16 per cent since February 2016, and it reached a record high in mid-July. Traditional safe haven investment classes are also in strong demand, with the yield on 10-year Australian government bonds remaining close to a record low and the gold price testing its highest level in more than two years.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, MACQUARIE GROUP LIMITED – ASX MQG, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM, BAKER STEEL CAPITAL MANAGERS LLP, UNITED STATES. FEDERAL RESERVE BOARD, BELL POTTER SECURITIES LIMITED, PERPETUAL LIMITED – ASX PPT, JAPAN. OFFICE OF THE PRIME MINISTER, NIKKEI 225 INDEX