EY Canadian Mining Eye index starts the year on a high, ending Q4 2020 up 9%
6% Gold prices remained stagnant through the fourth quarter, driven by COVID-19 vaccine breakthroughs and a weaker US dollar. These factors, alongside inflation expectations and declining real yields, are likely to keep gold prices positive in the near term. "We're hearing from economists around the world that US inflation is expected to rise in the coming months on the back of global economic recovery, supported by various governments' fiscal and monetary stimulus initiatives," says Jay Patel, EY Canada Mining & Metals Strategy and Transactions Leader. "With inflation pressures rising, we ...
Source: newswire.ca