Commodities

CEO of Precious Metals Company Says Gold Will Hit Over $5,000

“I’m confident that we will see gold over $5,000 within the next year,” says Wheaton Precious Metals CEO Randy Smallwood. He finds gold on a trajectory “that could easily put it up to $10,000 an ounce before the end of the decade. It wouldn’t surprise me at all.”Source: Bloomberg

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By Veena Ali-Khan, Matthew Miller, and Dani Burger

October 10, 2025 at 3:47 PM UTC

Gold could climb to $5,000 an ounce within a year and double that by the end of the decade, according to the head of Wheaton Precious Metals Corp.

“I’m confident that we will see gold over $5,000 within the next year” Chief Executive Officer Randy Smallwood said Friday in an interview on Bloomberg Television. “It’s a trajectory that could easily put it up to $10,000 an ounce before the end of the decade. It wouldn’t surprise me at all.”