Gold 2021: Safe haven in a time of crisis Of the main steel-using industries

Of the main steel-using industries

inefficiencies in State-owned enterprises

Published on 17 February 2026

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Gold 2021: Safe haven in a time of crisis Of the main steel-using industriesAfter declining in 2019, global gold production was further negatively impacted on by the Covid 19 pandemic in 2020, with overall output estimated to have fallen by 5. 20% to 108 million ounces. However, persisting high bullion prices are expected to push up output going forward. Market research company Fitch Solutions forecasts that global gold production will increase from 109 million ounces in 2021 to 141 million ounces by 2030, averaging a growth