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Not all gold rushes are created equal.

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The term “gold rush” conjures distinct, sepia-toned images: bearded prospectors with pickaxes in the Klondike, wooden sluice boxes in California, and the frantic, dusty pursuit of instant wealth. It represents the ultimate human gamble—the belief that fortune is hiding just beneath the surface, waiting for those bold enough to dig. Not all gold rushes are created equal

Global gold mining production is expected to plateau over the next few years rather than continue growing, as older mines phase out and new projects face lengthy development timelines. Global gold mining production is expected to plateau

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The "Gold Rush" of 2026 is no longer just a figure of speech; it has become a central theme for global markets. Following a staggering 2025 where gold set 53 new all-time highs, the "yellow metal" continues to dominate investor sentiment. As of early May 2026, spot gold has already shattered the $5,000 mark , reaching a historic high of $5,589 per ounce in late January.

JP Morgan and UBS predict gold will trade between $2,800 and $3,200 per ounce by Q4 2025. If the US Federal Reserve cuts interest rates in 2025, a "super-rally" toward $3,500 is possible.