Gold price is going to $20,000 as the Fed is ‘powerless’ to fight inflation, miners offer greatest upside - Crescat’s Kevin Smith
Reported by KITCO: “Gold price is going to $20,000 as the Fed is ‘powerless’ to fight inflation, miners offer greatest upside - Crescat’s Kevin Smith”. Gold settled at $4,482 an ounce on August 31, 2026 — $144.08 per gram, -1.07% on the day. The headline carries a figure: $20,000 — 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. Thirty sessions later gold traded at $4,177 an ounce, -6.79% versus the date of the report. That is an observation about the market, not a consequence of one headline.
- mine output
- production costs
- capital expenditure
- recycling
- production guidance
- producer AISC
- new projects and permits
- official confirmation of $20,000
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.