The World Gold Council also projects gold supply to plateau in the coming years as miners and producers have not been able to invest in new projects due to cost pressures – mine production only expanded 2% last year.
Lastly, gold will still act as a safe-haven asset, benefiting from global dislocations due to a strong U.S. dollar and any further geopolitical or global financial risks.
SPDR Gold Shares
For more information on the bullion market, visit our gold category.
Max Chen contributed to this article.