The fireworks have yet to start
The gold sector has had a great 2024 with the price of the yellow metal increasing about 30% to around US$2700/oz, up from $1950/oz a year ago, but with the silver price and value of gold stocks muted, the fireworks have yet to start, Ronald-Peter Stöferle, managing partner at Incrementum told Mining Journal, in London.
He needs a weak dollar and lower rates. But he has to get inflation under control, so something has to give. On the other hand, I think people overestimate Trump's impact on the price of gold," said Stöferle.
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