The sustained gold price could attract a new wave of retail investors including cryptocurrency backers and technology stock holders, gold company executives say in a new video.
Bullion touched a record $4,533.67 per oz. on Boxing Day on its way to a 65% gain in 2025, according to Sprott. It was around $4,230 an oz. on Nov. 30 when Canadian Mining Hall of Fame member Robert Quartermain spoke on a panel at The Northern Miner’s International Metals Symposium in London.
“Once individuals see that this $4,000 is again a base, and we’re going to continue to work off of it, then it’s just going to be good for us in the industry because it’s going to bring more players back into it,” the Dakota Gold (NYSE-A: DC) executive chairman said. “I remain bullish on the commodity.”
Iamgold (TSX: IMG; NYSE: IAG) CEO Renaud Adams said emerging markets would continue to embrace gold in a move away from the U.S. dollar while Alamos Gold (TSX, NYSE: AGI) CEO John McCluskey said geopolitical tension would pry investors from Nasdaq and the S&P 500 stock indexes.
Watch the full conversation below moderated by Northern Miner Group President Anthony Vaccaro.
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