Name: AuAg Funds targets gold at $3,000-$3,300 in 2025 after stellar 2024
Uploaded: 2024-12-09
Duration: 412

AuAg Funds CEO Eric Strand talked with Proactive's Stephen Gunnion about the performance of gold and silver in 2024 and his bullish 2025 outlook for precious metals.

AuAg Funds targets gold at $3,000-$3,300 in 2025 after stellar 2024

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AuAg Funds CEO Eric Strand talked with Proactive's Stephen Gunnion about the performance of gold and silver in 2024 and his bullish 2025 outlook for precious metals. Strand highlighted that gold prices surpassed expectations in 2024, reaching $2,790 in October, despite some pullbacks. He emphasised that factors such as central banks lowering rates and persistent inflation will likely drive gold to between $3,000 and $3,300 next year.

Discussing silver, Strand noted the improving gold-silver ratio and the metal’s strong potential for growth. He also pointed out that while mining costs had risen due to inflation, lower energy prices and stabilised costs, positioned gold and silver mining companies for margin expansion. Strand believes geopolitical tensions, ongoing inflation, and rising middle-class consumption in emerging markets will continue to support the value of precious metals.

Looking ahead, Strand remains optimistic about gold and silver prices, with the potential for strong performance by mining companies in 2025.

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