Chance to revitalize Madagascar’s gold industry

The future looks promising for gold. According to recent estimates by Goldman Sachs, the price of gold could rise to 2,900 USD by 2025, compared to a previous estimate of 2,700 USD.

This revision is based on several factors. In particular, there is an increase in acquisitions by central banks, a rise in financial flows into ETFs (exchange-traded funds), and a decrease in interest rates in the West and China.

Since the beginning of September 2024, gold has seen a significant increase of 25 %, reaching an unprecedented level of 2,685 USD per ounce.

Despite a complex international economic context, this upward trend could be profitable for Malagasy stakeholders in the gold sector. Indeed, producers/exporters in Madagascar who have resumed operations this year view these competitive prices as an exceptional opportunity to strengthen their position in the global market.

Experts point out that this increase also represents a chance to revitalize the gold industry in Madagascar, a crucial sector for the national economy.

While gold remains a haven in the face of international uncertainty, Madagascar could become a significant player in this ever-growing market.