Latest news with #Incrementum
The Australian
a day ago
- Business
- The Australian
Nova Minerals gets set for forecasted gold price of US$5,000 by 2030
International asset manager Incrementum has forecast the gold price to reach US$4,821 by 2030 under its likely base case scenario An inflationary tail risk outlook in Incrementum's analysis has the price at a whopping US$8,926 by the end of the decade and US$2,942 this December Nova Minerals is stepping up efforts to meet the supply deficit at its Estelle project, one of the largest undeveloped gold projects in a tier-1 location Special Report: International asset manager Incrementum has forecast gold to hit US$4,821 an ounce by the end of the decade. And that's just the base case. Goldies such as Nova Minerals are set to benefit. 'Where are you going, gold?' asks asset manager Incrementum in its latest In Gold We Trust report. The answer, delivered within the analytical dive into the gold market, is a long way from the current price. Incrementum's likely base-case scenario puts the yellow metal at US$4,821 (~A$7,500) an ounce by December 2030. Looking at the shorter term, report co-author Ronald-Peter Stöferle has gold at roughly US$2,942 (A$4572) per ounce by the end of this year. It's already trading above that at the time of writing (see further below). But according to the report, there's also a scenario that lifts gold to US$8,926 (A$13,886) by the end of this decade and US$4,080 (A$6,347) by December this year. The report's authors note the likelihood of this depends mainly on how inflationary the next five years will be. Whatever scenario eventuates, the report argues the market has witnessed a 'paradigm shift' in recent quarters, with historical comparisons and Incrementum's Gold Price Model indicating the metals' bull market still has a considerable way to run. The 443-page report subtitled 'The Big Long' says that run will be driven by factors such as looser monetary policies and the associated inflationary risks, tariff-abetted stagflation, simmering geopolitical tensions and underlying market dynamics. Quo vadis? The price forecasts are included in the chapter 'Quo Vadis, Aurum?', meaning 'where are you going, gold?' in Latin, spoken by ancient leaders who would buy a toga fit for the Roman Senate with an ounce of gold. More recently, gold has doubled in US-dollar terms since January 2020 and added multiple all-time highs up to US$3,432 (A$5,330) this year. In a retreat over the past month it's now trading at of US$3,316 or A$5,155 – which still buys a very fine suit for a modern-day senator. The report says the setbacks of the past month are an integral part of bull markets, adding these drawdowns are opportunities for investors prepared to wait for the next uptrend. The 'Big Long' also calls on investors to question their generally low gold allocation, saying the long-term inflation hedge is the 'GOAT of the Portfolio'. It points to the fact that central banks have put away more than 1,000 tonnes of bullion for the third consecutive year, with official reserves stacked at fresh records. Those official net purchases outstripped production by 300 tonnes last year – and recycling is close to record highs of 1,370 tonnes. Incrementum states that gap underscores why mine development matters more than ever. Northern exposure Getting ready to burst out of the blocks and face the forecast bull run head on is Nova Minerals, which is developing its Estelle gold and critical minerals project. Estelle lies within Alaska's Tintina Belt, a province with a documented gold endowment of more than 220 million ounces. Nova Minerals' (ASX:NVA) project has a global mineral resource estimate of 9.9Moz, making it one of the world's largest undeveloped gold projects in a tier-1 jurisdiction, and there's strong potential for it to join the exclusive 10Moz club. The company is focused on engineering and optimisation studies at Estelle's high-grade RPM deposit, which will go towards finalisation of the well underway pre-feasibility study. All the required metallurgical studies, environmental test work, infrastructure permitting are also in progress. Nova is also advancing a Korbel pit design which will be used to demonstrate the potential of an expanded project. Also about to get underway during the northern field season is exploration to upgrade the MRE. Estelle hosts more than 20 prospects, including four large and shallow IRGS (intrusion related gold system) deposits, giving the drillers plenty of scope. Nova is looking forward to seeing results following up on last year's program that produced 20 broad intercepts of more than 5 grams per tonne (g/t) gold from close to surface, including one of 2m averaging 52.7g/t gold. The team is also eagerly anticipating seeing the impact of a materially higher gold price in the upcoming studies. A Phase 2 Scoping Study completed in 2023 included a net present value of US$654 million (A$1.02 billion), but that was based on a gold price of only US$1,850 (A$2,880). The study's sensitivity analysis also showed that at a US$1,980 (A$3,082) gold price – less than the current spot price and much lower than forecasts – the NPV rises to just shy of US$1 billion, at US$942 million (A$1.46 billion). This article was developed in collaboration with Nova Minerals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Economic Times
6 days ago
- Business
- Economic Times
Gold to reach $8,900 by 2029? A startling report says so — here's what investors should keep in mind
Gold prices could surge to $8,900 by 2030, driven by monetary policy, inflation, and geopolitical tensions. While gold price corrections are expected, the ongoing bull market is considered a long-term trend for the gold market. Tired of too many ads? Remove Ads Key Drivers Behind Gold's Rise Expect Corrections Alongside Growth How Much Gold Do Investors Actually Hold? Gold Price Outlook Tired of too many ads? Remove Ads FAQs Gold price could increase by $4,000 to $5,000 in the medium term and potentially skyrocket to $8,900 by 2030, a new report revealed, as per ANI. Investment and asset management firm Incrementum wrote in the ' Gold We Trust Report 2025 ' that 'The forecast corridor of $4,800 to $8,900 depends mainly on how inflationary the next five years will be,' reported major drivers influencing gold prices to rise are monetary policy, inflation trends, and geopolitical dynamics, as per the report. The new report also highlighted that the ongoing bull market for gold is not just a short-term phenomenon but is a long-term trend, according to READ: Was French President Emmanuel Macron slapped by his wife Brigette before getting off the plane? Video goes viral Meanwhile, the report has also warned investors about the volatile nature of gold, in which corrections are to be expected, as per ANI. Following a recent sharp 25% rally between January and April 2025, prices of gold have eased in recent months, driven by trade tensions and a shift in market sentiment, as per the report also revealed that family offices and international markets as a whole invest merely around 1% of their portfolios in gold and other precious metals, as per ANI. This investment makes gold sit alongside speciality assets such as art, antiques, and infrastructure, and far behind more popular investments like private equity, real estate, and cash, according to the News recently reported that gold prices are expected to increase once again, supported by factors such as fewer anticipated rate cuts by the US Federal Reserve, as per even JP Morgan has predicted that gold may reach $6,000 per ounce in 2029, which is an 80% jump from the current price, according to the of factors like inflation, central bank policies, and global tensions that increase demand for safe-haven assets The report suggests it's part of a longer-term trend, but volatility and corrections are expected along the way.
Business Mayor
6 days ago
- Business
- Business Mayor
Despite interest surge in gold, institutional investors remain hesitant: Report
Despite a surge in interest around gold as a strategic hedge against market volatility and inflation, institutional investors remain hesitant to significantly increase their exposure, according to a report by Liechtenstein-based investment and asset management firm Incrementum. According to an analysis of the global markets, family offices allocate just one per cent of their portfolios to gold and precious metals, putting it on equal footing with niche assets like art, antiques, and infrastructure, and far behind more favoured categories such as private equity, real estate, and even cash. 'Despite growing interest in gold as a strategic asset, institutional allocations remain strikingly low. …Family offices allocate just one per cent of their portfolios to gold and precious metals, placing it on par with art and antiques, as well as infrastructure, and well below allocations to private equity, real estate, or even cash,' the report by Incrementum said. In recent months, gold has seen interest due to the instability arising out of trade tensions; however, the gold price has been witnessing a fall after a sharp rise witnessed over January-April 2025, in which gold prices had rallied by 25 per cent. The fall in prices reflects reduced anxiety about the trade war and subsequently reduced safe-haven appeal. Data released from the World Gold Council (WGC), although it is lagged, also shows the main sources of demand for gold that has been in place in the first quarter of 2025. Read More Best Driving Shoes For Men To Hit The Road In Style In this regard, investment-related demand for gold that increased by 170 per cent YoY in Q1 2025 underpinned the rally in the period as investors turned to the yellow metal in the face of uncertainty about the Trump policy regime and, in particular, about the trade war. As the trade-war anxiety has eased post the 90-day truce between the US and China, the subsequent demand for gold has reduced, which has driven prices lower. In Indian markets, the price of gold on Saturday reached again at 98,900.00 for 10 grams. Prices on May 17, as per the prices at MCX, were at Rs 92,480 for 10 grams. Gold prices in Indian markets have traded flat, responding to weakness in global prices and a mild appreciation of the INR against the USD that has taken place over the period. In volume terms, gold imports have fallen on a sequential basis as the country imported USD 3.1 bn worth of gold in April after importing USD 4.5 bn worth of gold in March, reflecting an easing in jewellery demand that has taken place in response to elevated prices.
Time of India
6 days ago
- Business
- Time of India
Gold to reach $8,900 by 2029? A startling report says so — here's what investors should keep in mind
Key Drivers Behind Gold's Rise Expect Corrections Alongside Growth How Much Gold Do Investors Actually Hold? Gold Price Outlook Live Events FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Gold price could increase by $4,000 to $5,000 in the medium term and potentially skyrocket to $8,900 by 2030, a new report revealed, as per ANI. Investment and asset management firm Incrementum wrote in the ' Gold We Trust Report 2025 ' that 'The forecast corridor of $4,800 to $8,900 depends mainly on how inflationary the next five years will be,' reported major drivers influencing gold prices to rise are monetary policy, inflation trends, and geopolitical dynamics, as per the report. The new report also highlighted that the ongoing bull market for gold is not just a short-term phenomenon but is a long-term trend, according to READ: Was French President Emmanuel Macron slapped by his wife Brigette before getting off the plane? Video goes viral Meanwhile, the report has also warned investors about the volatile nature of gold, in which corrections are to be expected, as per ANI. Following a recent sharp 25% rally between January and April 2025, prices of gold have eased in recent months, driven by trade tensions and a shift in market sentiment, as per the report also revealed that family offices and international markets as a whole invest merely around 1% of their portfolios in gold and other precious metals, as per ANI. This investment makes gold sit alongside speciality assets such as art, antiques, and infrastructure, and far behind more popular investments like private equity, real estate, and cash, according to the News recently reported that gold prices are expected to increase once again, supported by factors such as fewer anticipated rate cuts by the US Federal Reserve, as per even JP Morgan has predicted that gold may reach $6,000 per ounce in 2029, which is an 80% jump from the current price, according to the of factors like inflation, central bank policies, and global tensions that increase demand for safe-haven assets The report suggests it's part of a longer-term trend, but volatility and corrections are expected along the way.
Hans India
6 days ago
- Business
- Hans India
Shocking Alert: Gold Could Cost Rs. 2.7 Lakh Per Gram by 2030
Currently, the price of gold in India has crossed the Rs. 1 lakh mark. Seeing these rising prices, many people are eager to buy gold. However, the report that gold prices may increase up to three times in the near future is worrying not only the Indian middle class but also the wealthy. To explain further, Liechtenstein-based investment firm Incrementum has released a report titled "Gold We Trust Report 2025", which predicts how gold prices will behave in the future. The report states that gold prices will increase drastically over the next five years, with the price of an ounce reaching Rs. 7,56,000 by 2030. This means that the price per gram could reach around Rs. 2,70,000. The report identifies key reasons behind this potential tripling of gold prices within just five years. Rising inflation and global economic uncertainties are cited as the main drivers pushing gold prices to reach $8,900 per ounce. Additionally, central bank policies and international political developments are expected to significantly increase the demand and price of gold over the long term. According to the report, the current rise in gold prices is only the beginning of a long-term upward trend. The 25 percent increase in gold prices from the start of 2025 to April is causing concern among ordinary Indians. If this trend continues as the report predicts, buying gold may remain a distant dream for many in the coming years. Currently, markets and family offices worldwide invest only about 1 percent of their total portfolios in gold or other precious metals, preferring real estate, private equity, and other investment options instead. JP Morgan Report Earlier last week, America's largest banking company, JP Morgan, released its forecast on gold prices, predicting that the price of an ounce will reach $6,000 by 2029. This translates to approximately Rs. 10,80,000 per ounce, representing an increase of nearly 80 percent over current prices. If this prediction comes true, many believe that people may have to settle for gold items made with rolled gold rather than pure gold in the future.
