RE: Gold22 Apr 2025 11:24
... Gold's long-term fundamentals were already looking positive. By effectively rejecting the US role as reserve currency issuer, Trump is super-charging these trends," James Luke, fund manager, metals at Schroders.
"In a scenario where already strong central bank demand is joined by strong global investment demand, gold prices could easily move much higher to generate the increase in recycled supply and destruction of jewellery demand necessary to balance the market. Mine supply cannot respond quickly, even at much higher prices. Despite already record-high prices, mine supply is basically flat at 2018 levels," writes Luke in an April 22 note.
Gold at US$5,000 per ounce by the end of the decade did not feel like an outlandish scenario 12 months ago. It feels frankly conservative now, says Luke ...
https://www.theedgesingapore.com/news/gold/volatile-trump-stokes-gold-prices-gold-equities-could-post-largest-growth-earnings-free