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Weekly Markets Monitor The 2026 Gold Outlook Metals Mine

Bonisiwe Shabane
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weekly markets monitor the 2026 gold outlook metals mine

Last week highlighted sectoral divergence: services remained resilient while manufacturing struggled in major economies. The US labour market sent mixed signals, Eurozone inflation rose, Japan’s consumer spending weakened, China’s exports increased, and India cut rates. And geopolitical tensions, including those in Russia and Venezuela, showed no signs of easing. Global equity markets delivered a mixed finish; US bond yields climbed; the dollar was steady; and oil prices increased. We published our Gold Outlook 2026 last week, laying out potential macro scenarios and hypothetical implications for gold based on ... (full story)

There is a rising global interest in extracting much-needed critical minerals from the Arctic to meet the growing needs for various metals and minerals. However, environmentalists ... Australia's Mount Isa rail line remains shut after three locomotives and a wagon carrying zinc and copper derailed on 5 December. Repairs are underway and all freight is being ... ECB's Kazimir: FX pass-through to prices may not be as strong as expected ECB's Kazimir: I see no reason to change rates in the coming months, definitely not in December ECB's Kazimir: Remaining vigilant... ECB Executive Board member Isabel Schnabel suggests interest rates have reached the bottom, saying she's comfortable with bets that the next rate move will be a hike.

Schnabel is ... Note: Historical data based on the LBMA Gold Price PM in USD as of 28 November 2025. Ranges are not price forecasts, but hypothetical illustrations of potential scenario outcomes based on our Gold Valuation Framework. ‘Macro consensus’ implies a range between -5% and 5%; ‘Shallow slip’ implies 5% to 15% upside; ‘Doom loop’ implies 15% to 30% upside; and the ‘Reflation return’ implies a 5% to 20% drop. The reference point is the average LBMA Gold Price for November 2025. For more details, see: Gold Outlook 2026.

Source: Bloomberg, ICE Benchmark Administration, Oxford Economics, World Gold Council © 2025 World Gold Council. All rights reserved. World Gold Council and the Circle device are trademarks of the World Gold Council or its affiliates. All references to LBMA Gold Price are used with the permission of ICE Benchmark Administration Limited and have been provided for informational purposes only. ICE Benchmark Administration Limited accepts no liability or responsibility for the accuracy of the prices or the underlying product to which the prices may be referenced.

Other content is the intellectual property of the respective third party and all rights are reserved to them. Reproduction or redistribution of any of this information is expressly prohibited without the prior written consent of World Gold Council or the appropriate copyright owners, except as specifically provided below. Information and statistics are copyright © and/or other intellectual property of the World Gold Council or its affiliates or third-party providers identified herein. All rights of the respective owners are reserved. The use of the statistics in this information is permitted for the purposes of review and commentary (including media commentary) in line with fair industry practice, subject to the following two pre-conditions: (i) only... World Gold Council is affiliated with Metals Focus.

The World Gold Council and its affiliates do not guarantee the accuracy or completeness of any information nor accept responsibility for any losses or damages arising directly or indirectly from the use of this... This information is for educational purposes only and by receiving this information, you agree with its intended purpose. Nothing contained herein is intended to constitute a recommendation, investment advice, or offer for the purchase or sale of gold, any gold-related products or services or any other products, services, securities or financial instruments... This information does not take into account any investment objectives, financial situation or particular needs of any particular person. Diversification does not guarantee any investment returns and does not eliminate the risk of loss. Past performance is not necessarily indicative of future results.

The resulting performance of any investment outcomes that can be generated through allocation to gold are hypothetical in nature, may not reflect actual investment results and are not guarantees of future results. The World Gold Council and its affiliates do not guarantee or warranty any calculations and models used in any hypothetical portfolios or any outcomes resulting from any such use. Investors should discuss their individual circumstances with their appropriate investment professionals before making any decision regarding any Services or investments. This information may contain forward-looking statements, such as statements which use the words “believes”, “expects”, “may”, or “suggests”, or similar terminology, which are based on current expectations and are subject to change. Forward-looking statements involve a number of risks and uncertainties. There can be no assurance that any forward-looking statements will be achieved.

World Gold Council and its affiliates assume no responsibility for updating any forward-looking statements. Information regarding QaurumSM and the Gold Valuation Framework Note that the resulting performance of various investment outcomes that can be generated through use of Qaurum, the Gold Valuation Framework and other information are hypothetical in nature, may not reflect actual investment results... Neither World Gold Council (including its affiliates) nor Oxford Economics provides any warranty or guarantee regarding the functionality of the tool, including without limitation any projections, estimates or calculations. December 02, 2025 09:00 ET | Source: MarketNewsUpdates.com MarketNewsUpdates.com PALM BEACH, Fla., Dec.

02, 2025 (GLOBE NEWSWIRE) -- Gold is projected to continue its upward trend as several major investment banks also expect the yellow metal to reach new record levels in 2026. A report from Grand View Research on the global mining market said it reached USD 260.86 billion in 2024 and is projected to reach USD $710.08 billion by 2033, at a CAGR of 11.0%... It added that the market is sustained by a complex interplay of economic and financial drivers, with the price of gold itself standing as the primary catalyst. It pointed to various key market trends: Asia Pacific dominated the gold mining market with the largest market revenue share of 43.0%.; and by mining method, the hard rock mining segment is anticipated to... The report said: “This price is heavily influenced by macroeconomic factors such as inflation, interest rates, and currency fluctuations, particularly the strength of the U.S. dollar.

During periods of high inflation or economic uncertainty, investors flock to gold as a traditional store of value, driving up its price. A higher market price for gold directly increases the profitability of mining operations, making it economically viable to exploit lower-grade ore bodies and finance capital-intensive exploration and development projects in more remote or challenging... This price signal is the fundamental engine that powers investment and expansion within the sector. In 2025, global mine production stayed near the usual range of around 3,500 tons, and the distribution of this output shows how much the market depends on a few powerful producers. According to World Gold Council production updates, China mined about 380.2 tons of gold in 2025, while Russia followed with close to 330 tons. These two countries alone account for a major share of global supply, and their consistent production encourages mining companies across the world to keep expanding exploration and refining strategies to remain competitive.” Active Companies...

(OTCQB: FOMTF) (CSE: FOMO), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Hecla Mining Company (NYSE: HL), Eldorado Gold Corporation (NYSE: EGO) (TSX: ELD), IAMGOLD Corporation (NYSE: IAG). Grand View Research added: “A major market growth driver is the scale of official gold reserves held by countries across the world. The U.S. sits at the top with more than 8,100 tonnes of gold, and this immense reserve level sends a strong signal about gold’s importance in long-term financial stability. When a country maintains such a large buffer, it guarantees lasting demand for newly mined gold, which strengthens the incentive for mining companies to keep expanding exploration and production.” It concluded: “The gold mining... The U.S.

and Canada continue to invest heavily in new geological surveys, improved drilling systems, and digital mining technologies that enhance the efficiency of locating and extracting ore. Higher gold prices over the past few years have encouraged companies to reopen dormant mines and initiate expansion plans in existing projects. The presence of world-class mining infrastructure, along with access to skilled labor and sophisticated machinery, gives North America a competitive edge in scaling production.” Formation Metals Inc. (OTCQB:FOMTF) (CSE:FOMO) Intercepts 152.9 and 208.8 metres of Target Mineralization Near Surface at the Advanced N2 Gold Project, Strengthening Open Pit Model Formation Metals Inc.

(FSE:VF1) (“Formation” or the “Company”), a North American mineral acquisition and exploration company, is pleased to provide an update from the drilling campaign underway at its flagship N2 Gold Property (“N2” or the “Property”),... Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that... This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. Proposed expansion of ESMA's powers raises concerns about the potential impact on the EU's crypto and fintech sectors.

Centralized licensing and slower regulatory processes are key worries. Bitcoin's 'Santa' rally may be ignited by the Federal Reserve's upcoming interest rate decision. This article analyzes the macroeconomic factors potentially influencing Bitcoin's performance into 2026. Western Union expands into digital assets with a new stable card and plans to issue its own stablecoin, focusing on emerging markets. For privacy and data protection related complaints please contact us at privacy@markets.com. Please read our PRIVACY POLICY STATEMENT for more information on handling of personal data.

At Morgan Stanley, we lead with exceptional ideas. Across all our businesses, we offer keen insight on today's most critical issues. Learn from our industry leaders about how to manage your wealth and help meet your personal financial goals. At Morgan Stanley, we lead with exceptional ideas. Across all our businesses, we offer keen insight on today's most critical issues. From volatility and geopolitics to economic trends and investment outlooks, stay informed on the key developments shaping today's markets.

At Morgan Stanley, we lead with exceptional ideas. Across all our businesses, we offer keen insight on today's most critical issues. Gold will cap a standout year in 2025, surging as much as $1,757 (67.0%) from year-end levels to a December high of $4,381. From the March 2024 breakout above the long-term 42-month base at $2,135, the advance measured up to $2,246—or 105.2%—at that peak. Precious metals dominated performance rankings, with gold, silver, and related mining shares far outpacing other sectors in 2025. As of the December 15 closing gold was up by 64.1% year-to-day.

The monthly chart illustrates the steadiness of the move: corrections stayed shallow and largely sideways, preserving a clean sequence of higher highs and lows. December’s price action triggered an inside month breakout above November’s high of $4,245, with confirmation pending a close above that level by month-end. As of mid-December, the metal continued pushing toward record territory, reflecting persistent buying conviction. The weekly timeframe reveals an accelerating bull trend supported by three distinct rising uptrend lines, each with an increasing slope that underscores improving momentum. Sequential moving averages mirror this progression: the 50-week average aligns near the lower trendline, the 20-week near the middle line, and the 10-week average—currently rising through $4,125—acts as immediate dynamic support for the latest... In trending markets, a break of one support layer often targets the next lower one.

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Last Week Highlighted Sectoral Divergence: Services Remained Resilient While Manufacturing

Last week highlighted sectoral divergence: services remained resilient while manufacturing struggled in major economies. The US labour market sent mixed signals, Eurozone inflation rose, Japan’s consumer spending weakened, China’s exports increased, and India cut rates. And geopolitical tensions, including those in Russia and Venezuela, showed no signs of easing. Global equity markets delivered a ...

There Is A Rising Global Interest In Extracting Much-needed Critical

There is a rising global interest in extracting much-needed critical minerals from the Arctic to meet the growing needs for various metals and minerals. However, environmentalists ... Australia's Mount Isa rail line remains shut after three locomotives and a wagon carrying zinc and copper derailed on 5 December. Repairs are underway and all freight is being ... ECB's Kazimir: FX pass-through to pr...

Schnabel Is ... Note: Historical Data Based On The LBMA

Schnabel is ... Note: Historical data based on the LBMA Gold Price PM in USD as of 28 November 2025. Ranges are not price forecasts, but hypothetical illustrations of potential scenario outcomes based on our Gold Valuation Framework. ‘Macro consensus’ implies a range between -5% and 5%; ‘Shallow slip’ implies 5% to 15% upside; ‘Doom loop’ implies 15% to 30% upside; and the ‘Reflation return’ impli...

Source: Bloomberg, ICE Benchmark Administration, Oxford Economics, World Gold Council

Source: Bloomberg, ICE Benchmark Administration, Oxford Economics, World Gold Council © 2025 World Gold Council. All rights reserved. World Gold Council and the Circle device are trademarks of the World Gold Council or its affiliates. All references to LBMA Gold Price are used with the permission of ICE Benchmark Administration Limited and have been provided for informational purposes only. ICE Benc...

Other Content Is The Intellectual Property Of The Respective Third

Other content is the intellectual property of the respective third party and all rights are reserved to them. Reproduction or redistribution of any of this information is expressly prohibited without the prior written consent of World Gold Council or the appropriate copyright owners, except as specifically provided below. Information and statistics are copyright © and/or other intellectual property...