Gold price – time to get in

But such a price slide should not be unsettling, because in the longer term things should go up again. And low prices are entry prices. 2024 brought a price increase of around 30 percent. The global situation has not changed. Russia’s invasion, falling interest rates and the great interest of central banks continue, as do the US president’s trade tactics.

Gold producers are benefiting from the high gold price, so let’s take a look at the major producing countries. Most of the coveted gold comes from China, Russia and Australia, where most gold is produced. According to the latest figures from the US Geological Survey, global gold production in 2024 totalled 3,300 tons, 50 tons more than in 2023.

At the top of the list of gold-producing countries and also the countries that consume the most gold is China with 380 tons. For more than ten years, the production volume there has always exceeded 300 tons of gold. Most of the gold mine operators there are state-owned. Russia is in second place with 310 tons of gold. Incidentally, the largest gold reserves are in Australia, followed by Russia. Australia produced around 290 tons of the precious metal in 2024, putting it in third place. In fourth place is Canada with 200 tons of gold, most of which comes from the provinces of Ontario and Quebec.

One gold mine operator in Ontario, for example, is Goldshore Resources – https://www.commodity-tv.com/ondemand/companies/profil/goldshore-resources-inc/ – with its advanced Moss Gold Project. The USA follows in the hit list, with the most gold coming from Nevada, as well as Kazakhstan, Mexico, Ghana, Uzbekistan, Indonesia, South Africa and Peru.

Skeena Gold & Silver – https://www.commodity-tv.com/ondemand/companies/profil/skeena-gold-silver-ltd/ – is a favorite in British Columbia. The company is developing the formerly producing Eskay Creek gold-silver project in British Columbia as well as the formerly producing Snip projects.

Current corporate information and press releases from Skeena Gold & Silver (- https://www.resource-capital.ch/en/companies/skeena-resources-ltd/ -) and Goldshore Resources (- https://www.resource-capital.ch/en/companies/goldshore-resources-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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