🪙 Gold Production Hits a Plateau: What It Means for Investors and Prices 💰

Gold production has hit a plateau, with the mining industry facing significant challenges in sustaining growth. In this video, we dive deep into the latest insights from the World Gold Council (WGC) and explore what this means for gold prices and investors. Here’s what we cover:
📉 Production Struggles:
• Stagnation Since 2016: Mine production has plateaued with minimal growth, increasing by just 0.5% in 2023.
• Global Declines: Production drops in Mexico, Russia, Mali, and the US, with slight gains in Turkey, Papua New Guinea, Canada, and Burkina Faso unable to offset these declines.
🌍 Regional Insights:
• Oceania's Growth: The only region with year-over-year growth in Q4 2023.
• New Mines: Start of production at four new mines, adding over 13 tonnes annually.
💸 Rising Costs:
• Record High Costs: All-In Sustaining Cost (AISC) reached a record US$1,343 per ounce in Q3 2023.
🔮 Market Implications:
• Sustained Demand: Central banks, investors, and tech sectors continue to drive demand.
• Price Resilience: Average gold price in Q1 2024 hit a record $2,070 per ounce.
📊 Future Scenarios:
• Soft Landing: Potential for stable or slightly declining prices.
• Hard Landing: Sharp price increases as gold becomes a safe-haven asset.
Discover how these trends and scenarios could impact your investments and the overall gold market. Don't forget to like, comment, and subscribe for more updates on gold and other precious metals!
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