Gold climbed above US$1,700 per ounce early in the week and held above US$1,720, with the metal’s positive performance benefiting producers despite various mine closures around the world. The yellow metal is on track to continue its upward trend, as several reports this week outlining the toll of COVID-19 on output peg the reduction of gold production this year impacting supplies. “We’ve seen roughly 10 million ounces or so being impacted by the shutdowns and the slowdowns that we’re seeing at many mines sites around the world — it’s a pretty significant change,” said Ken Hoffman during a virtual keynote address for ... (full story)