- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Galan Lithium
International Graphite
Cardiex Limited
CVD Equipment Corporation
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Jeffrey Christian: Gold, Silver and "Another Year of Living Dangerously"
"We're calling 2024 'another year of living dangerously,'" said Jeffrey Christian of CPM Group. The firm last used the phrase to describe 2008.
Speaking at this year's Prospectors & Developers Association of Canada (PDAC) convention, Jeffrey Christian, managing partner at CPM Group, shared his outlook for gold and silver prices moving forward.
"We're looking for record gold prices (in 2024) ... we're looking for a significant, in our mind, increase in gold prices," he said. "We're looking at an average price of maybe US$2,050 (per ounce), up from US$1,950 last year."
Christian sees more of a move happening in the third and fourth quarters as worries increase among investors.
"We think the first half of this year could be stringent for investment demand for gold and silver, continuing what we saw in 2022 and 2023," he explained to the Investing News Network on the sidelines of the show. "But by the third quarter and fourth quarter, there may be a radical shift in the political environment, political expectations and concerns, and that could be having a much more visible negative effect on the economy and thus the financial markets."
In terms of silver, Christian said CPM Group thinks US$20 to US$22 per ounce will be its low range for the year, while US$27 or US$28 will be its high point. As with gold, the firm expects the silver price to pick up toward the end of 2024.
All in all, he sees 2024 as "another year of living dangerously" — a phrase CPM Group last used to describe 2008.
"We look at 2024, 2025 as a similar period of uncertainty," he noted. "I think one of the big parallels is you're looking at a year in 2024 where politics will be much more important in investors deciding whether to buy or sell gold and silver."
Watch the interview above for more of Christian's thoughts on gold, silver and their drivers. You can also click here for the Investing News Network's full PDAC playlist on YouTube.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
- Gold Price 2023 Year-End Review ›
- Gold Price Forecast: Top Trends That Will Affect Gold in 2024 ›
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Outlook Reports
Featured Gold Investing Stocks
Browse Companies
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 2316.22 | -7.47 | |
Silver | 27.16 | -0.12 | |
Copper | 4.49 | +0.03 | |
Oil | 82.84 | -0.52 | |
Heating Oil | 2.56 | -0.02 | |
Natural Gas | 1.64 | -0.17 |
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Learn about our editorial policies.