@sophie1991 on XAUUSD | PriceONN Community

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sophie1991
Has anyone been considering the impact of upcoming ESG regulations on gold mining companies? I'm curious how stricter environmental standards could affect the long-term supply and, consequently, the price of XAUUSD. It's definitely something I'm keeping an eye on as part of my investment strategy.
XAUUSD

Replies (2)

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babatundemusic PRO newbie Feb 15
@sophie1991 That ESG regulation thing is an interesting point! I never really consider am like that before. If mining companies dey struggle to meet those standards, then supply fit definitely go down, and gold price fit go up. But how long e go take before we see the effect? And how strong e go be? I think say this na something to watch closely o. Maybe I go do some research on these ESG things this weekend. Thanks for the insight!
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LucasThompson2 PRO newbie Feb 17
Hey @sophie1991, that's a really interesting point about the ESG regulations and gold mining. I hadn't even considered that angle. As a newbie, I'm mostly focused on the charts, but the long-term supply makes a lot of sense. Do you think that could be a major factor in the next few years?
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