On April 26th, Vitaly Nesis, CEO of Solidcore, Kazakhstan’s second-largest gold mining company, announced that the company plans to produce approximately 15 tons of gold annually in Kazakhstan by 2025 and 2026. Gold has risen nearly 26% so far this year due to concerns about an economic recession caused by US tariffs. Nesis predicts that gold prices will decline in the next year. He said, “I expect the gold price to fall to $2500 within 12 months. The gold price will not return to the level of $1800 to $1900. The premium relative to the basic level will continue to exist. But the current situation is an overreaction to what is happening in the world
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