What’s Behind The Recovery In Gold Prices This Year?

+49.20%
Upside
34.42
Market
51.36
Trefis
NEM: Newmont Mining logo
NEM
Newmont Mining

Gold prices have averaged roughly $1,210 per ounce so far this year, around 4% higher than the average for the full year 2015. An increase in the investment demand for gold, driven by risk aversion among investors, has driven up the overall demand and prices of the yellow metal. This is reflected in the sharp year-over-year increase in demand for gold by ETFs, as indicated by Q1 gold demand data released by the World Gold Council earlier this month. Subdued global economic conditions and sluggish equity markets in addition to the Fed’s stance of a moderated interest rate hike cycle, have driven up the demand for gold as a safe-haven asset so far this year.

What's Behind The Recovery In Gold Prices This Year

Have more questions about Newmont Mining? See the links below.

Relevant Articles
  1. Is Newmont Stock Attractive Post The Q2 Sell-Off?
  2. What To Expect From Newmont’s Q1 2023 Earnings
  3. What’s Happening With Newmont Stock?
  4. Why Newmont Stock Looks Attractive
  5. What’s Next For Newmont Stock After A Tough Q2 Report
  6. Will Newmont Stock Bounce Back?

Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Newmont Mining

 

See More at Trefis | View Interactive Institutional Research (Powered by Trefis)

Get Trefis Technology