Gold futures (GC=F) have had a record run in 2024, hitting an all-time high in late May. It's been a rally for commodities overall as copper prices (HG=F) moved to a record high in this same timeframe.

Barrick Gold (GOLD) CEO Mark Bristow comments on the trends in the commodities trade that have been pushing metal prices higher and how it is acting as an economic indicator.

"Mining is a long-term game. It's capital intensive. You've got to allocate capital over the long term. We did this big deal with Randgold back in 2019. We've been consolidating, it's all about delivery, and we've expanding our copper production," Bristow tells Yahoo Finance. "And overall looking to grow our production by 30% by the end of the decade. And bring our costs down. And that's the game in mining."

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This post was written by Luke Carberry Mogan.