Kazakhstan's second gold mining company Solidcore: It is expected that gold prices will fall to $2500 within 12 months.

GoldenOctober2024

2025-04-25 16:22:32

Abstract generation in progress

Vitaly Nesis, CEO of Solidcore, Kazakhstan's second-largest gold miner, said the company plans to produce about 15 tonnes of gold per year in Kazakhstan in 2025 and 2026. Gold has risen nearly 26% so far this year as U.S. tariffs sparked fears of a recession. Nesis expects gold prices to fall in the coming year. "I expect the price of gold to fall to $2,500 in 12 months," he said. Gold will not return to the $1,800 to $1,900 level. The premium relative to the base level is here to stay. But the current situation is an overreaction to what is happening in the world. ”

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

Reward
like
Comment
Share

Comment

0/400

No comments

Topic
1/3
1BTC & ETH Launchpool Yield Exceeds 3%
32k Popularity
2Growth Points Draw Round 12 Opens
10k Popularity
3White House Crypto Report
15k Popularity
4Fed Holds Rates Decision
7k Popularity
5Alpha Points System Opens
16k Popularity

sitemap