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Gold: 5 things to look for in 2026
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Report summary
2025 was a monumental year for gold, as prices rallied 62% – the second-highest annual growth since 1979. The price crossed several psychological barriers throughout the year, breaching the US$4,500/oz mark in the final week of December. This momentum sets the stage for an even more compelling outlook in 2026. Key factors that will shape the gold mining sector over the coming 12 months are: - Structural shift in the price environment - Miners set for another year of bumper margins - Miners to tentatively lift exploration spend while developers invest more aggressively - Political challenges in Western Africa - Increased gold supply
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