At the heart of gold’s appeal is its freedom from government liabilities, market experts gathered at the annual Asia Pacific Precious Metals Conference told CNBC on Monday. “Gold’s key advantage is that it is no one else’s liability,” said Nikos Kavalis, managing director at Metals Focus. “When an investor owns Treasurys, other sovereign bonds and even currencies, they are ultimately buying into the respective economy,” he said. By Lee Ying Shan for CNBC

Global gold supply is projected to rise by 1% in 2025, driven by higher mine production and steady recycling activity, according to the latest annual report by precious metals consultancy Metals Focus. The firm’s newly released Gold Focus 2025 report offers an in-depth examination of trends across gold supply, demand, pricing, and investment behavior, presenting both historical data from 2016 to 2024 and forecasts for the current year. By Matthew Evanoff for Mining Feeds

Significant gains in gold mine production will lift total global gold supply by 1% this year, precious metals consultancy Metals Focus has revealed in its newly published ‘Gold Focus 2025’ report. The yearly report, the latest edition of which was published this week, offers a comprehensive analysis of the global gold market. It includes historical supply-demand data from 2016 to 2024 and provides a detailed forecast for this year. By Darren Parker for Creamer Media

Metals Focus, a leading precious metals consultancy, has published its Gold Focus 2025, offering a comprehensive analysis of the global gold market. This flagship annual report includes historical, supply-demand data from 2016 to 2024 and provides a detailed forecast for 2025. By Modern Mining

LONDON, June 5 (Reuters) – Central banks worldwide are on track to buy 1,000 metric tons of gold in 2025, which would be their fourth year of massive purchases as they diversify reserves from dollar-denominated assets into bullion, consultancy Metals Focus said. Gold prices are up 29% so far this year after hitting a record high of $3,500 per troy ounce in April on geopolitical tensions and economic uncertainty as U.S. President Donald Trump continues to roll out his tariff policies. By By Polina Devitt for Reuters

Gold still has plenty of momentum to push higher in 2026, according to Metals Focus’ flagship precious metals report, Gold Focus 2025. In its annual report published Thursday, analysts at the British research firm said they expect gold prices to reach a record annual average of $3,210 this year, with new highs likely in the second half of the year. By Neils Christensen for Kitco News

The annual average gold price is forecast to surge by 35% to a new record high of $3,210 in 2025. This is according to forecasts in the Gold Focus report from Metals Focus, released today. The Gold Focus is Metals Focus’ flagship annual publication on the gold market. Published in June, it contains comprehensive historical statistics on gold supply and demand and a forecast for the current year. The report features detailed analysis of all aspects of gold fundamentals, including mine production, recycling and demand for gold in jewellery as well as other applications. By Stuart Fieldhouse for the armchair trader

This renewed Chinese interest aligns with broader structural issues in the platinum-group metals (PGMs) market, as detailed in a recent report by research firm Metals Focus. It notes that all five PGMs — platinum, palladium, rhodium, iridium and ruthenium — ended last year in physical deficit. Platinum alone saw a second consecutive year of shortfall, with Metals Focus placing total global production at 5.77 million ounces, still well below the 2010 to 2021 annual average. By Giann Liguid for Investing News network

Don’t expect a turnaround in PGM markets was the message this week during London Platinum Week. Although it was just last year hydrogen was lauded as the future for PGMs, Wilma Swarts, director of PGMs, Metals Focus, told Mining Journal that the landscape has now changed. Swarts said that “there was some contention” around hydrogen. By Siobhan Lismore-Scott for Mining Journal

Despite economic and geopolitical upheaval, 2024 was relatively calm for platinum-group metals (PGMs). In its new PGMs report, research firm Metals Focus notes that all five PGMs — platinum, palladium, rhodium, iridium and ruthenium — ended 2024 in physical deficit, marking a pivotal year of stabilization and supply strain. By Giann Liguid for Investing News Network

Silver, which is used in jewellery, electronics, electric vehicles and solar panels, as well as an investment, faces the fifth year of a structural market deficit. Total industrial demand for silver is expected to be steady in 2025 after reaching a record high of 680.5 million ounces in 2024, while jewellery and silverware demand will fall, according to the annual report, produced for the Silver Institute by consultancy Metals Focus. By Polina Devitt

Although the global economic and industrial “dashboard is littered with red and yellow indicators”, Metals Focus platinum group metals (PGMs) research director Wilma Swarts believes there are long-term upsides to platinum, in particular. “We are in a very cautionary stage. Confidence is fragile and we have political uncertainty, we have regulatory uncertainty, and all of that plays a part in what we see is happening with the PGM industry, both on the supply side and on the demand side,” she said at the 2025 PGMs Industry Day, in Johannesburg, on April 3. By Darren Parker for Creamer Media

“Successive highs this week for gold reflect several drives. First, the ongoing safe-haven motive, following this week’s US tariffs announcement and the deepening Middle East crisis. Second, growing concerns about stagflation in the US, following today’s slightly higher inflation reading,” Philip Newman, managing director of Metals Focus, a consultancy, told Mining Journal. By Siobhan Lismore-Scott for Mining Journal

Gold has room to move higher in the near term; however, the market is running out of momentum as prices hold above $3,000 an ounce, according to one research firm. On Thursday, spot gold prices managed to hit a new intraday all-time high at $3,057.95 an ounce, but the market has seen consistent profit-taking into the weekend. In their latest research note, analysts at Metals Focus said that gold remains an attractive safe-haven asset as President Donald Trump continues to push forward with his America First policies and global import tariffs on April 2. By Neils Christensen for Kitco News

Barclays estimates Mexico provides up to 40% of the parts in U.S. vehicles, Canada provides more than 20% and that German auto giant Volkswagen produces about three-quarters of its North American fleet in Mexico. Meanwhile, Wilma Swarts, Director of PGM Research at Metals Focus, said PGM demand could drop about 150,000 ounces this year if tariffs reduce U.S. vehicle sales by up to one million units and if 90% of that drop is from internal combustion engine and hybrid vehicles. By Ashitha Shivaprasad and Shivansh Tiwary for Reuters

Ahead of PDAC, Mining Magazine spoke to Sarah Tomlinson, director of mine supply at precious metal research consultancy Metals Focus, to hear why PDAC matters to the mining industry and what she thinks miners should talk about in Toronto. “What you thought was normal yesterday, when you wake up in the morning, it’s completely changed. It’s very difficult to plan a long-term strategy as a company when these things are moving at such a pace,” said Tomlinson. By James Stent for Mining Magazine