Articles for tag: Forecast, Gold, Goldman, Sachs, Upgrades

April 28, 2025

Ron Finklestien

mining

Goldman Sachs Raises Gold Price Forecast to $3,700 Again

Goldman Sachs Raises Gold Price Target to $3,700 Amid Economic Uncertainty Goldman Sachs has increased its year-end price target for gold to $3,700 an ounce, reflecting ongoing global economic uncertainty. In a note released late Friday, the bank updated its 2025 forecast following gold’s notable recovery from the recent market selloff triggered by tariff announcements on April 2. These tariffs had caused gold prices to drop up to 5% as investors sought to cover losses in other asset classes. This marks the third increase in Goldman’s gold forecast this year, and it’s the most significant adjustment, showing a 12% rise.

February 7, 2024

Ron Finklestien

mining

Pilbara Minerals Strikes New Offtake Deal with Chengxin Pilbara Minerals Strikes New Offtake Deal with Chengxin

Adding a new page to its expanding business, Pilbara Minerals has emerged triumphant in developing and securing an upgraded off-take deal with Chengxin. The revised agreement spans a hearty schedule, encompassing sales of 85,000 tonnes in calendar 2024, followed by 150,000 tonnes in both 2025 and 2026, greatly expanding and prolonging the deal until 2026, the miner cheerily announced. The sales to Chengxin, a key supplier to renowned companies such as Hyundai Motor, CATL, BYD and LG Chemical, will be conducted based on the prevailing market price, congruent with the existing agreement, the Australian miner revealed, brimming with optimism. Not