“Amidst these changes, there’s an increasing interest in gold as a reserve asset. Central banks, recognizing the risks associated with large dollar reserves, are turning to gold for stability,” he said.
For the mining sector, these shifts present both challenges and opportunities. The rising demand for gold could boost the gold mining sector, necessitating increased investment and exploration. The strong policy supports the energy transition enjoy as the go-to tool for governments in their fight against climate change also means a bonanza of funds available and earmarked for resource and downstream beneficiation infrastructure.
However, the industry must also prepare for potential volatility in commodity prices and investment flows due to these macroeconomic changes.
A keynote panel discussion on Jan. 21 titled ‘Tectonic shifts in money and power,’ moderated by event host Jay Martin examined the theme of de-dollarization…
