Many economies and industries were affected by the onset of the coronavirus pandemic and the spread of this disease, which led to shutdowns of facilities and countrywide lockdowns in various regions in the world. However, while most industries suffered, producers of gold in the mining industry enjoyed increases in revenue as the price of gold rose by more than 20% last year.
These price surges were caused by various demand shocks that were brought about by the pandemic, such as investors moving from equities to bonds and the U.S. dollar losing more of its purchasing power. Last year’s increase in demand for this precious metal…
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