Gold Prices Prediction by Gold Miner Solidcore
Gold prices may face significant downward pressure over the next 12 months, according to Vitaly Nesis, CEO of Solidcore Resources Plc, Kazakhstan’s second-largest gold miner.
Speaking to Reuters, Nesis forecasted that gold could drop to around $2,500 per ounce, suggesting a sharp correction from recent highs. “There will be no return to the levels of $1,800–$1,900,” he stated. “The premium to the base level will remain. But right now, this is an overreaction to what is happening in the world.”
Gold Prices Dip Amid Stronger Dollar and Easing Trade Tensions
On Friday, gold prices dropped alongside a weekly decline, triggered by a stronger U.S. dollar and signs of easing U.S.-China trade tensions.
The rising dollar typically weighs on gold by making it more expensive for international buyers. Meanwhile, reduced geopolitical fears often dampen gold’s appeal as a safe-haven asset.
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Solidcore Sees No Major Rebound to Previous Lows
Formerly known as Polymetal, Solidcore Resources Plc expects that while gold will remain elevated compared to its historical averages, the current prices may represent a short-term spike rather than a sustainable new plateau.
Nesis’s comments highlight the growing debate among analysts and mining executives over whether the recent surge in gold prices — driven by inflation fears and global instability — is sustainable.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
