Seeing the gold and silver linings | Macau Business
Long seen as a safe investment during times of crisis, gold and silver assets saw prices rise considerably in 2020 as the pandemic progressed. Risk-averse investors flocked to these materials as a safe, recession-proof store of value and as the global supply was disrupted by the Covid-19 pandemic. [The price of gold reached its highest ever point on August 7, 2020, when it traded for US$2,067 per troy ounce, with silver prices hitting a seven-year high when they breached US$29.14 an ounce by that same month. However, disrupted silver mining operations have contributed to US$8.8 billion in los...
Source: macaubusiness.com