Why Gold Mining Production Is Expected to Achieve All Time Highs In 2021
FinancialNewsMedia.com News Commentary
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PALM BEACH, Fla., May 19, 2021 /PRNewswire/ Precious metals and commodities, and almost everything that is sold, is subject to the laws of supply and demand… Gold is the exemption! The law of demand says that at higher prices, buyers will demand less of an economic good. The law of supply says that at higher prices, sellers will supply more for less. These two laws interact to determine the actual market prices and volume of goods that are traded on a market. Several independent factors can affect the shape of market supply and demand, influencing both the prices and quantities that we observe in markets. Even though the price of gold is going up, it is still in demand and miners are holping to mine even more. According to Gold.org, the best estimates currently available suggest that around 197,576 tonnes of gold has been�