Gold

BlackRock

<p>Evy Hambro of BlackRock stated that gold remains undervalued despite record prices, with mining companies presenting strong investment opportunities as of 2025.</p>
<p>Hambro's insights suggest potential for gold market growth, highlighting possible undervaluation in mining stocks amid global economic shifts.</p>
<h2 id="gold-miners-undervaluation-amid-record-prices">Gold Miners Undervaluation Amid Record Prices</h2>
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 <p>BlackRock’s Evy Hambro asserts that <a href="https://www.blackrock.com/uk/literature/annual-report/blackrock-gold-and-general-fund-en-annual-report-2025.pdf" rel="noopener noreferrer nofollow">gold miners</a> are undervalued despite record gold prices. Gold's purchasing power varies by product type, according to Hambro.</p>
 <p>BlackRock has increased investments in Newmont and <a href="https://www.blackrock.com/uk/literature/annual-report/blackrock-gold-and-general-fund-en-annual-report-2025.pdf" rel="noopener noreferrer nofollow">Endeavour Mining</a>, reflecting confidence in mining company valuations. Hambro highlights the historically low valuation gap in equity markets. Evy Hambro, Global Head of Thematic and Sector Investing, BlackRock, said: "At these prices these companies are earning enormous margins ... They’ve never been cheaper than they are right now.”</p>
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<h2 id="central-bank-gold-buys-and-market-effects">Central Bank Gold Buys and Market Effects</h2>
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 <p>Newmont's stock surged 140% this year, fueled by investor interest in gold equities. The VanEck Gold Miners ETF similarly saw a 121% rise.</p>
 <p>The increased central bank gold acquisition underscores global liquidity concerns and may influence crypto asset behavior. The institutional purchase trend supports the gold market.</p>
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<h2 id="gold-equities-echo-past-bull-market-trends">Gold Equities Echo Past Bull Market Trends</h2>
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 <p>In past bull markets, gold miner valuations did not mirror current undervaluation levels. Cost inflation and discounted models previously impacted equities.</p>
 <p>Expert analysis suggests the current capital flow into gold equities could mirror historical shifts in BTC and crypto investments during gold strength periods.</p>
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BlackRock Sees Gold Miners Undervalued Despite High Prices

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