The cost of yellow metal has fallen sharply this week, securing slightly above $1,900 per troy ounce. That’s almost 7% less than the historic highs recorded in early August.
Most experts agree that the sales wave that swept the market is more a correction after an excessively strong growth than a new downward trend. After all, despite the creation of the coronavirus vaccine in Russia, the terms of recovery of the world economy from the current crisis may be longer than previously assumed. Uncertainty of forecasts will contribute to the recovery in demand for gold, including physical, and thus, will return prices to growth.
Is it possible to increase production volumes? Or is there a shortage of metal and, as a result, a rapid increase in its value?