Gold Price - Where is it heading?

[rederob]

AU$6000 bites the dust... so roll on gold to AU7000...

 

[finicky]

"With many gold producers publishing AISCs below AU2,000 .."

AISC below AU$2,000! Not many I know of.
In fact, I thought none in Australia until I clarified for myself that Copper (or Silver) sales credits are deducted from a gold miner's AISC in accounting. Even then only one is obviously doing an AISC like that for a full year - that being Evolution Mining (EVN) in FY2025. Evolution producing significant copper along with its gold. West African Gold (WAF) might squeak in - probably not after government imposts. What others? Perseus (PRU)? So either a copper co-product miner or African located and risky - that's not many.

 

[TimeISmoney]

AISC below AU$2,000! Not many I know of.
In fact, I thought none in Australia until I clarified for myself that Copper (or Silver) sales credits are deducted from a gold miner's AISC in accounting. Even then only one is obviously doing an AISC like that for a full year - that being Evolution Mining (EVN) in FY2025. Evolution producing significant copper along with its gold. West African Gold (WAF) might squeak in - probably not after government imposts. What others? Perseus (PRU)? So either a copper co-product miner or African located and risky - that's not many.

I hear most say that AISC is a dodgy metric anyway.

"Pantoro Gold provides FY2026 production guidance of 100 – 110 Koz of gold at an AISC of $1,950-$2,250 per ounce."

https://data-api.marketindex.com.au...rterly-activitiesappendix-5b-cash-flow-report

https://announcements.asx.com.au/asxpdf/20250805/pdf/06mjnlswh780j5.pdf

 

[divs4ever]

according to Marketwatch gold has reached $US 4008 tonight ( so far )

 

[DannyB0000]

https://www.cnbc.com/2025/10/07/gold-4000-record.html

Gold passes $4000 usd an ounce for the first time ever, that's about $6000 an ounce in our money. Gold miners would be making a tonne of money now.

 

[Rosscoe62]

Gold has come back slightly, mainly due to the DXY increasing a little in value.

 

[mullokintyre]

$4k before the end of October.
Mick

Only took till the 8th of October.
Micl

 

[Antirnator]

 

[mullokintyre]

Gold is entering phase three of thi big boom.
We will be hearing about taxi drivers giving gold stock tips any day now.
The retail trade has woken up.


Mick

 

[DannyB0000]

View attachment 210656

Mick

Gold is entering phase three of thi big boom.
We will be hearing about taxi drivers giving gold stock tips any day now.
The retail trade has woken up.
View attachment 210656

Mick

" If shoe-shine boys are giving stock tips, then it's time to get out of the market"
Joseph Kennedy Snr
1929.

Gold prices could go even higher if the US Stockmarket suddenly imploded, bull markets always end in euphoria, investors start believing the Stockmarket can only go higher and higher to infinity, nothing but blue skies ahead. Gold climbed even higher after the Dot Com bust in 2001 and peaked in 2011.

Currently the Buffett index is at 217% meaning the US Stockmarket is the most expensive in history and the Cape Schiller index is almost at the same point as the Dot Com bust being at 40. Warren Buffett is on the record as saying if the Buffett index goes past 200%, investors are playing with fire with stocks. Still some investors will ignore the warnings and go full speed ahead.

 

[finicky]

Giant 'Capital Rotation Event' theory.
FYI Northstar, @NorthstarCharts on twitter, pinned this to his account approx 1 year ago (30 Oct 2024)

 

[Garpal Gumnut]

I’d just like to announce the

OFFICIAL START OF GOLD FOMO

Mrs Gumnut just texted me an article from the local rag suggesting gold was THE investment to go for over the next 12 months.

gg

 

[rcw1]

US $4000.00 +
Gold is good.
Heavy lifting continues unabated ...

Have a very nice day today.

Kind regards
rcw1

 

[mullokintyre]

And now the spot price has matched the 4k futures price.
Mick

 

[rederob]

Today we see spot gold at $4000.
Do we see a new target being set by those who keep underestimating gold's bull market?
POG at $5000 in 2026 certainly seems plausible.

 

[divs4ever]

https://www.cnbc.com/2025/10/07/gold-4000-record.html

Gold passes $4000 usd an ounce for the first time ever, that's about $6000 an ounce in our money. Gold miners would be making a tonne of money now.

things to watch now , are rising costs and more ambitious development/exploration plans and they spray profits into 'future production '

smarter operators will squash debt ( if they have any ) or grab small bolt-ons ( that they can integrate easily )

also watch the hedge books some have committed future production for a few years ( @ nowhere near $A 6000 an oz. )

 

[ducati916]

$5000 before 2026?

Why not indeed.


jog on
duc

 

[moXJO]

I'd be watching the fed not the charts

 

[Garpal Gumnut]

I'd still watch the charts @moXJO even though we are as the saying goes in "uncharted territory " with Gold .

I've tipped previously this run to continue to $4400 not on any Fibonacci nor other extension but in my gut I feel it has the legs to continue with FOMO before newcomers get exhausted. This could be at a nice round number like $4400 and then hopefully a range sideways begins at that price or a correction down to $4000, and again a trading range there begins.

My thoughts for success are with new investors in gold, worrying about a top. i don't believe this is a top, not even close to it.

Gold is good.

gg

 

[TimeISmoney]

US Dollar Collapsing, Investors Prefer Bitcoin, Gold, Silver Instead, Says Citadel Executive​

Bitcoin , gold, and silver prices have been hitting all-time highs recently, as demand for hard assets continues to grow amid the US dollar collapse. Citadel executive Ken Griffin stated that investors are fleeing the US dollar, and instead opting for hard assets as the fiat currency has lost 10% value since the start of 2025.

Investors Prefer Bitcoin, Gold, and Silver as ‘Debasement Trade’​

Citadel CEO Ken Griffin has expressed concern as investors increasingly view gold as a safer asset than the US dollar. Speaking to Bloomberg’s Francine Lacqua on Monday, Griffin noted that substantial capital is moving away from the dollar as investors seek to de-dollarize or reduce exposure to US sovereign risk. He added:


“We’re seeing substantial asset inflation away from the dollar as people are looking for ways to effectively de-dollarize, or de-risk their portfolios vis-a-vis US sovereign risk.”

Interestingly, his comments come during the ongoing Bitcoin price rally to fresh all-time highs above $126,000. This rally in Bitcoin and precious metals has continued amid expectations of potential Fed rate cuts this month with the ongoing federal government shutdown.

This year, investors have also favored silver, gold and Bitcoin, which Griffin described as the “debasement trade.” Griffin added that US fiscal and monetary policies are resembling those typically implemented during a recession, further fueling asset markets.

US Dollar Dominance Drops to Three-Decade Low​

The dominance of the US dollar as a reserve currency has dropped to the lowest levels in nearly three decades. The US dollar’s share of global central bank reserves fell to 56.3% in Q2 2025, marking the lowest level since 1994.

Since 2000, the dollar’s reserve share has dropped by 16 points, down from 85% in 1977. At the current pace, analysts at The Kobeissi Letter warn that the dollar’s weight could fall below 50% within five years.


The analysts noted that this is typically the reason why all other asset classes are hitting all-time highs at the same time. They wrote:

“Safe havens, risky assets, real estate, crypto, global bond yields, and everything in between is hitting daily record highs. The denominator for most assets, in this case the US Dollar, is what has changed. The US Dollar is on track for its worst year in 40+ years, down -10% YTD”.

Amid the Bitcoin price rally, inflows into spot Bitcoin ETFs have also shot up significantly over the past week. BlackRock’s IBIT saw nearly $1 billion in inflows on Oct. 6.