Mining News

Gold trading higher amid ballooning inflation and interest rates, geopolitical risks

The World Gold Council (WGC) reports that, in the first quarter of this year, gold traded higher for a second consecutive quarter, ending 8% higher than in the fourth quarter of 2021, at $1 942/oz – its best quarterly performance since the second quarter of 2020.

The WGC also states that gold was among the best performing assets amid significant weakness in both equity and bond markets, proving to be a reliable source of diversification and wealth preservation in a period marked by economic uncertainty and increased volatility.

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