Gold, silver, and copper prices reached record highs, driven by a weak US dollar, retreating US Treasury yields, and China's strong gold demand.
Gold, silver, and copper prices reached record highs, with gold at $2,449.89 per ounce, silver over $31 per ounce, and copper experiencing an all-time high. The rally is driven by a weak US dollar, retreating US Treasury yields, and China's strong gold demand. Analysts predict this rally will continue over the next 12 months, with demand supported by supply tightness and industrial demand.
May 27, 2024
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