Newmont Corporation forecasts a 10% reduction in gold production this year, impacted by underperformance at two mines jointly operated with Barrick Gold. The company reported record profit figures, with adjusted net income rising to $2.8 billion, or $2.52 per share, in the fourth quarter of 2025. Newmont expects all-in sustaining costs to decrease to $1,680 per ounce by 2026, surpassing analyst expectations and demonstrating progress in cost control.

Juan Carlos Artigas, CEO of the World Gold Council for the Americas and Global Head of Research, stated that rising risks and uncertainties are the primary factors influencing the current valuation of gold. Furthermore, global central banks have been net buyers of gold for 16 consecutive years, with significant potential for purchases from emerging market central banks. Gold is undergoing a "structural shift" driven by both central bank demand and safe-haven sentiment.

Analysts at ING noted that gold's recent decline appears to be a corrective pause rather than the start of a deeper downturn. The short-term price movement of the precious metal remains highly sensitive to U.S. dollar fluctuations and overall risk appetite. However, as liquidity in Asian markets normalizes and macroeconomic uncertainties persist, underlying demand is expected to strengthen. "Further declines could attract fresh buying interest," the analysts added.

Relevant companies in the precious metals sector include: Zijin Mining International (02259), Wanguo Gold Group (03939), ZIJIN MINING (02899), ZHAOJIN MINING (01818), Lao Feng Xiang Gold (06181), China Gold International (02099), Lingbao Gold (03330), and China Molybdenum (03993), among others.