Gold’s fire was burning brightly before the novel coronavirus outbreak, appreciating 18.4% in US dollar terms in 2019, but the COVID-19 pandemic has doused this fire with fuel, as the world begins to grasp the true extent of the economic fallout that lies in its path. The so called ‘summer doldrums', where precious metals usually drift listlessly, were shattered in late July as gold soared to an all time high of US$1,933/oz. The question now is, how high can it go?
Global Business Reports’ first gold-focused digital report will cover the themes impacting supply and demand dynamics for the precious metal currently on the rise. Through interviews with the World Gold Council, investors, producers, developers and explorers, we look at how increasing investor appetite is making up for lackluster consumer demand, the impact of geopolitical tension on gold, and its position as a strategic asset, as well as finding out first-hand how those involved in its supply value chain are taking advantage of this nascent bull market.