Gold hits record $3,500/oz as safe-haven demand spikes – Nova Minerals (ASX:NVA) positioned to capitalize on bullish market
Gold prices surged to a new all-time high of $3,500 per ounce this week, fueled by a weakening US dollar and escalating global economic uncertainty. The precious metal has gained over $700/oz since January 2025, with Goldman Sachs now forecasting a potential “tail risk” scenario of $4,500/oz by year-end.
Why Is Gold Rallying?
Goldman Sachs attributes the rally to:
✔ Strong ETF inflows – Investors flock to gold amid Fed rate cut expectations
✔ Central bank buying spree – Especially from China and emerging markets
✔ “Mar-a-Lago Accord” speculation – Potential US-led dollar devaluation plan
✔ Chinese insurer demand – New policy allows 1% of AUM in gold
With three Fed rate cuts expected by early 2026, non-yielding gold remains an attractive hedge against inflation and geopolitical risks.
Nova Minerals (ASX:NVA): A Gold Stock to Watch
As gold prices soar, Nova Minerals (ASX:NVA) stands out with its 9.9Moz Estelle Gold Project in Alaska’s prolific Tintina Gold Belt. Key developments include:
- Debt-free status after a $10.85M asset sale
- Pre-Feasibility Study (PFS) underway for RPM deposit
- Exploration expansion targeting a 10Moz+ resource
- High-grade hits (up to 52.7g/t gold) at RPM North
Antimony & Critical Minerals Opportunity
Nova is also advancing its Stibium gold-antimony discovery, recently named among the world’s top nine near-term antimony projects. With China banning antimony exports, the US Department of Defense is offering grants to secure domestic supply—Nova has applied for funding to accelerate drilling.
Goldman’s Outlook: How High Can Gold Go?
- Base case 2025 target: $3,520/oz
- Upside “tail risk”: $4,500/oz (if dollar weakens further)
- Key drivers: Fed policy, central bank demand, US-China trade tensions
Why Nova Minerals Could Benefit
With gold’s bullish momentum and Nova’s low-cost, high-grade Alaskan assets, the company is well-positioned for growth. Upcoming catalysts include:
🔹 PFS results for RPM deposit
🔹 Exploration updates from Korbel & Wombat prospects
🔹 Potential DoD funding for antimony development
