Gold mining stocks soar over 200%! Goldman Sachs is optimistic about the gold market and reveals new year-end investment opportunities

Gold prices repeatedly hit record highs, driving the entire gold mining stock sector higher. Since the start of 2025, the performance of gold mining companies has been remarkable——SSR Mining (SSRM) has risen over 200% cumulatively, Anglogold Ashanti (AU) has increased by 166%, and Newmont (NEM) has also surpassed the 100% growth mark.

Even small-scale gold mining companies are not willing to lag behind, Dakota Gold (DC) up 99%, Perpetua Resources (PPTA) up 63%, Royal Gold (RGLD) up 40%. This wave of market movement clearly indicates that as long as gold prices continue to strengthen, the entire industry chain can benefit.

Gold reaches new historical highs, investment sentiment hits a record peak

As of September 9, gold prices soared to $3,659 per ounce, setting a new record. Since the beginning of the year, the cumulative increase has been nearly 40%. More notably, market bullish sentiment towards gold has reached its strongest level ever——data shows that the ratio of optimistic to pessimistic investors is close to 8:1, a rare extreme market consensus.

Goldman Sachs signals a potential trading hotspot for gold mining stocks at year-end

Goldman Sachs’ latest outlook suggests that there is still room for gold prices to rise. The institution forecasts that by mid-2026, gold could reach $4,000 per ounce, with extreme scenarios even challenging the $5,000 mark. Based on this judgment, Goldman Sachs recommends investors include gold mining stocks in their year-end trading strategies.

The logic is simple: gold price rises → mining companies gain cost advantages → gold mining stocks improve performance → stock prices further increase. This is a relatively certain transmission chain. As long as the positive outlook on gold remains unchanged, gold mining stocks are expected to rise in tandem with commodities.