Gold remains well supported despite some near-term pressure from a stronger US dollar and higher bond yields, with industry expectations pointing to further price gains over the next 12 months.
The precious metal trades at elevated levels as investors continue to seek exposure to gold amid ongoing economic and financial uncertainty. Although a firmer dollar and higher Treasury yields create some short-term resistance, strong underlying demand continues to support the market.
The outlook is particularly positive over the longer term, with the gold industry expecting prices to reach around $5,013 an ounce over the next 12 months. This would represent further upside from current levels and reflects expectations that investment demand will remain strong.
Gold’s role as a store of value and a potential hedge against financial and economic uncertainty keeps the metal in focus, particularly when investors are assessing risks across other asset classes.
US monetary policy is also likely to remain an important driver. Expectations around future Federal Reserve decisions influence Treasury yields and the dollar, both of which can affect gold prices. Any move towards lower interest rates or a weaker dollar could provide an additional boost to bullion.
Cora Gold Ltd (LON:CORA), together with its subsidiaries, explores for and develops mineral projects in West Africa. The company primarily explores for gold deposits. Its flagship project is the Sanankoro Gold project located in the Yanfolila Gold Belt, Southern Mali.
