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Bullish Case: Central banks accumulating gold, crypto and dollar weaknesses hint at bullish gold demand. Barrick's strong fundamentals could see gains from market instability and inflation concerns.


Bearish Case: Production challenges and competition from digital assets may restrain growth. High inflation and cost pressures could impact earnings despite bullish market conditions.


Potential Outcomes:

1. Inflation continues influencing gold's appeal (60%).

2. GOLD outperforms with strong fundamentals amidst market volatility (55%).

3. Production setbacks and digital asset competition limit upside (40%).


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April 16, 2024


Barrick Gold Forecast

GOLD        Barrick Gold
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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