Gldm stock price forecast "GLDM stock price forecast" is

"GLDM stock price forecast" is underpinned by robust physical gold demand in Asia, contributing to higher spot prices and ETF valuations. Gold mine production nudged up 0.5% year over year in 2023, gained 1.35% in 2022, grew 2.7% in 2021 and recorded the first decline (down 1%) in a decade in 2020. WGC chief believes that gold’s decade-long growth story, which started in 2008 has been showing a downtrend. New gold deposits are now scarce (read: 3 Reasons Why Gold ETFs Could Surge From Here). Or should they stay clear of one, or both, of them? The "GLDM stock price forecast" is benefiting from rising inflationary concerns, pushing safe-haven assets higher. As per latest CME futures data, traders are pricing in less probability of Fed rate hikes, which historically supports gold-backed ETFs.