Reports Project Gold Mines Are Expected to Produce More Than Ever In 2021
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PALM BEACH, Fla., April 14, 2021 /PRNewswire/ Gold has again risen to all-time highs because investors have again rushed to its traditional safe haven . It rises not despite the pandemic… but because of the global crisis. The trading price is predicted by many to continue to soar and miners are also looking to increase production. A report from Singapore Bullion Market Association, spoke about the Metals Report issued in London which said: Turning to 2021, Metals Focus remains bullish towards gold. We are confident that as policy rates remain low and fiscal spending persists, inflows of institutional money into the yellow metal will continue. Low rates and yields are typically positive for gold, as they minimize the opportunity cost of holding the zero-yielding metal. Moreover, given exceptionally low yields (or, in other wor
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