Mining
Gold Could Hit $5,000; Copper Faces a 16-Year Wait for New Mines: Reports
World Gold brief based on reporting byOpen Magazine
Reported by Open Magazine: “Gold Could Hit $5,000; Copper Faces a 16-Year Wait for New Mines: Reports”. Gold settled at $4,132 an ounce on October 21, 2026 — $132.83 per gram, -0.27% on the day. The headline carries a figure: $5,000 — quoted as published, not independently verified.
Changes in production, costs and reserves affect future metal availability. The impact is slower than rates or the dollar, but material for the long-term supply balance.
- mine output
- production costs
- capital expenditure
- recycling
- production guidance
- producer AISC
- new projects and permits
- official confirmation of $5,000
Methodology and transparency
This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.