Gold SWOT: DoubleLine’s Jeffrey Gundlach sees the recent precious metals pullback as a strategic entry

By Frank E Holmes – KITCO

The best-performing precious metal for the week was silver, up0.63%. First quarter’s record-setting environment pushed average realized gold prices up 14% quarter over quarter, which should support strong revenue growth for miners in the first quarter of 2025. Even as spot gold pulls back from its highs, the quarterly average that drives gold company revenue remains at historically elevated levels, reflecting a market that spent most of the quarter at prices the industry has not seen before.