2024-03-07 10:51:03 ET
Summary
- Barrick Gold stock is down 13% despite a 9% increase in the price of gold over the last 12 months.
- Recent gold demand is at record highs, with central banks exchanging USD for gold, according to the World Gold Council.
- The introduction of a BRICS currency backed by gold could negatively impact gold miners such as Barrick.
Preamble
My first article describing the emerging risks being faced by Barrick Gold Corporation (GOLD) was published by SA on the 17 March 2023. At the time, the spot price of gold was $1,941.21 an oz and the stock price of Barrick was $24.34. Now, almost a year later, the price of gold has increased by around 9% and Barrick stock is down around 13% (at the time of writing)....
Read the full article on Seeking Alpha
For further details see:
Barrick Gold: More Emerging Risks