Market Data
Gold (Au)
Resource Base:
622,332 oz
NI 43-101 In-Ground Gold
Recent Price:
~$4,505/oz
COMEX (June 5, 2026)
Annual Market Size
~$35 trillion
Market capitalization (Feb 2026)
5,002 Tonnes
Total demand in 2025
$298 billion
daily trading volume (Dec 2025)
CAGR
From ~$8 trillion (2018) to
~$35 trillion (2026) implies a
CAGR of ~22%
Market Drivers
1
Inflation hedge & currency volatility
Gold demand rises when inflation is high or fiat currencies weaken, making it a safe-haven asset.
2
Central bank accumulation
Ongoing reserve diversification by emerging markets and geopolitical tensions drive large-scale institutional buying.
Supply Dynamics
- Widely mined (China, Australia, Russia, Canada, US)
- Gold mine production flat at 3,650–3,700 tonnes per year since 2019
Demand Dynamics
- Record central bank purchases, especially
in China, India, and Middle East - Investors reallocating portfolios towards hard assets amid USD debasement
Gold Trading Patterns
Recent Price:
$4,505
5-Year High:
$5,589
5-Year Low:
$1,627
Current Context
Price: ~$4,505/oz (COMEX June 5, 2026)
Gold prices have surged to record highs, driven by investor concerns over inflation and recent tariff announcements.
This marks gold’s strongest quarterly performance since 1986, gaining $1,100/oz in Jan 2026 alone.
Market Outlook
Analysts predict gold prices could reach between $5,400 and $7,200 per ounce in the next year, citing ongoing geopolitical uncertainties and increased demand for safe-haven assets.
Investment Bank Forecasts (2026)
$6,300/oz by year-end
$6,200/oz by June
(upside: $7,200/oz)
$6,100 – $6,300/oz
$5,400/oz by Dec 2026
(reforecast expected)
$6,350/oz
(bull case, Q4 2026)
Gold Mining in Canada
#1
Fiscal Soundness
Ranked number 1 in the G20
#2
Political Stability
Ranked number 2 in the G7
#3
Economic Stability
Ranked number 3 globally
#4
Global Gold Production
Ranked number 4 globally
4 of the world’s top 10 gold mining companies are Canadian
Company
Ticker
Market Cap ($bn)
Country
Newmont
NYSE: NEM
115
Angico Eagle Mines
NYSE: AEM
106
Barrick Mining
NYSE: B
68
Wheaton Precious Metals
LON: WPM
62
AngloGold Ashanti
NYSE: AU
52
Franco-Nevada
TSE: FNV
50
Kinross Gold
NYSE: KGC
38
Gold Fields
JSE: GFI
35
Shandong Gold Mining
SHA: 600547
20
North Star Resources
ASX: NST
19
Market Cap figures taken from Yahoo Finance June 5, 2026