Gold supply chain shows resilience amid Covid-19

29 May 2020 (Last Updated May 29th, 2020 11:42)

The World Gold Council has published its latest market update, which suggests that the gold industry has shown satisfactory results, despite the uncertainty brought by the Covid-19 pandemic.

The World Gold Council has published its latest market update, which suggests that the gold industry has shown satisfactory results, despite the uncertainty brought by the Covid-19 pandemic.

The council said that: “while total gold production fell 3% y-o-y in Q1 – representing the lowest level of production since 2015 and the largest y-o-y fall since Q1 2017 – this decline was relatively modest given the scale of the pandemic.”

Despite existing supply issues, the council said that liquidity in the gold market “remains robust, which clearly highlights the strength of the gold market”.