Metals Focus

“Gold prices rallied 44 per cent last year, reaching $4,550 per ounce in December and recording 56 fresh record highs according to the latest report from Metals Focus.”

“It also marked the assets strongest performance since 1980.”

“Poland, which purchased 102t, China and Brazil.”

“Global gold mining production increased by two per cent year on year to a record high of 3,817t, driven by a surge in new mines and project expansions.”

“recycling only saw a modest rise, inching up 2.8 per cent to 1,404t.”

“with Chinese demand plunging 28 per cent, as investors looked to purchase ETFs and bars.”

“Physical investment jumped 16 per cent on year, reaching 1,400t, its highest level in 12 years, driven by “bullish investor sentiment”.”

“with prices hitting a fresh all time high of $5,595 in late January.”