A turbulent trade war that could reconfigure the global economy has spotlighted gold’s strategic importance as central banks have been stockpiling thousands of tonnes of bullion and institutions and retail investors are making big plays for the metal to hedge against market risk.
After reaching an all time record high in April, gold has surpassed equities as the second most popular long-term investment choice amongst Americans, the latest poll by Gallup, a Washington, DC-based analytics firm showed.
To meet rising demand, gold miners haven also been doing their part to grow the supply. The World Gold Council estimates that global mine production reached a record of 3,661 tonnes (or nearly 120 million ounces) in 2024, with improvements seen from several of the key producing regions or operations.
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