Published on 22 Jan 2023 on Insider Monkey via Yahoo Finance
13 Biggest Gold Mines in the World
In this article, we will take a look at the 13 biggest gold mines in the world. You can skip this part and go to 5 Biggest Gold Mines in the World.
Investors almost always remain focused on the movement of gold, perhaps the most valuable and reliable asset in the world. Gold price touched new records last year as investors flocked to the safe-haven asset amid recession fears. Recently, gold price touched its peak of about $1,850 per troy ounce. Analysts believe gold price is expected to soar in 2023 as the Fed doesn’t show any signs of halting rate hikes. There are already some predictions about gold price possibly touching its all-time high in 2023.
According to a CNBC report, Eric Strand, manager of the AuAg ESG Gold Mining UCITS ETF (FRA:ZSG0.F), thinks we will see a new all-time high for gold as the analyst expects the start of a “new secular bull market.” He thinks the price of gold could touch $2,100 per ounce.