Gold 2021: Safe haven in a time of crisis the potential for weaker-than-expected economic

the potential for weaker-than-expected economic growth and the possibility that the green transition loses pace amid record-high input prices

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Published on 17 February 2026

Gold 2021: Safe haven in a time of crisis the potential for weaker-than-expected economicAfter 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