Record gold prices are the ‘rising tide’ that may rerate junior explorers
Gold bulls are continuing their stampede with spot prices now ticking above the US$2900/oz mark as investors flock to the safe haven asset away from ongoing market uncertainty.
There are also signs that these elevated prices are here to stay for some time with respected Australian gold watcher Lion Selection Group chief executive officer Hedley Widdup telling our own Josh Chiat in early February 2025 that the current gold price trend is “not a flash in the pan” in the wake of World Gold Council figures showing a record high in physical gold demand.
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