Insight
The (gold) bulls are back in town
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Numerous industry participants are calling for $2,000/oz next year, with some offering even more bullish predictions. The price remains highly leveraged to investor sentiment, but in the near-term, macroeconomic headwinds coupled with geopolitical tensions continue to be supportive for gold. Miners, however, remain adamant that in the face of pervading optimism they will not get caught up in gold’s luster. How long then until elevated prices are incorporated into long-term price assumptions? Adjusting the price at which reserves are deemed economic has proven costly in the past but resource conversion will be vital in averting a decline in gold supply.
Table of contents
- Reserve and resource price movements
Tables and charts
This report includes the following images and tables:
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Write-downs and impairments recorded between 2013-2015Average life of mine (years)
What's included
This report contains:
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