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Podcast: WorldWide Markets with Simon Brown
Episode: Gold $4,500 by yearend, is it even possible?
Description: 🌍 Global Markets Rundown Goldman Sachs suggests gold could plausibly hit $4,500/oz by year-end. Gold is currently around $3,200/oz, but volatility and uncertainty are driving prices higher. Gold miners are benefiting from the price surge, with big leverage showing up in earnings. Example: Pan African Resources made $900/oz at $2,250; could make $2,900 at $3,250. Big upside still possible if gold just holds or drifts higher. SA gold stocks (YTD performance): Pan African Resources +106% Harmony +76% AngloGold Ashanti* +72% Gold Fields +30% (with mine-related issues) Gold | Weekly chart |15 April 2025 📉 Recession Watch Larry Fink (BlackRock) & Jamie Dimon (JPMorgan): "US may already be in a r...