Zacks Industry Outlook Highlights Fury Gold, Gold Royalty, Newmont Mining and B2Gold - TradingView

AI desk brief

Zacks reports gold below $4,000/oz in its November 13, 2026 outlook, down 7.7% year to date, attributing pressure to dollar strength and expectations of further Fed hikes. Citing the World Gold Council, it reports third-quarter central-bank purchases of 321 tonnes and gold ETF inflows of 211 tonnes, while jewellery demand fell 17% year over year—mixed demand signals alongside monetary headwinds. Miners face elevated costs and labour shortages; Newmont projects 2027 production growth in the low- to mid-single digits. Zacks argues resource depletion could support gold longer term, but establishes no immediate physical shortage.