Zacks Industry Outlook Highlights Fury Gold, Gold Royalty, Newmont Mining and B2Gold - Yahoo Finance UK

AI desk brief

Zacks’ November 13, 2026 outlook reports gold below $4,000/oz, down 7.7% year-to-date, attributing weakness to dollar strength and expectations of further rate hikes. Citing the World Gold Council, it reports third-quarter central-bank purchases of 321 tonnes and gold ETF inflows of 211 tonnes, while jewelry demand fell 17% year-on-year. Investment buying could cushion policy-related pressure, but the demand mix leaves near-term bullion direction mixed. Miners face cost inflation and labor shortages; Newmont projects 150,000–200,000 additional annual ounces from Tanami’s expansion, while B2Gold’s planned first-quarter 2027 Fekola Regional ore deliveries remain subject to finalizing a toll-milling agreement.