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As gold prices breached brand-new all-time highs, self-confidence in the yellow steel signals to investors a desire to escape from the UNITED STATE buck, said Ken Hoffman, elderly professional at McKinsey.
Hoffman talked with Kitco News regarding the impacts of the pandemic on the international macroeconomic expectation, which sectors are most impacted, as well as what gold miners can expect from this recuperation.
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Does current gold price make sense? McKinsey warns these sectors destroyed permanently
As gold prices breached new all-time highs, confidence in the yellow metal signals to investors a desire to break away from the U.S. dollar, said Ken Hoffman, senior expert at McKinsey.
Hoffman talked to Kitco News about the impacts of the pandemic on the global macroeconomic outlook, which industries are most affected, and what gold miners can expect from this recovery.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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