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⛏️ Gold, Silver, Copper Poised for New Highs Despite Brief Pause
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Gold, Silver, Copper Poised for New Highs Despite Brief Pause
Gold hit a record $2,449.89 per ounce, with silver and copper also reaching multi-year highs. Despite a brief pause, experts predict new peaks driven by strong Chinese demand and tight supplies. UBS forecasts gold to reach $2,600 by year-end, while Citi sees copper hitting $12,000 per ton within 18 months. Read on »
Gold Gains Favor as Safe Haven Over U.S. Treasuries
Gold is emerging as the new safe haven asset, replacing U.S. Treasuries amid economic and geopolitical uncertainties. Strong demand from China and other factors are driving this shift. Citigroup predicts gold could reach $3,000 in the next 12 months. Meanwhile, declining bullion imports in China and production issues in Mexico pose potential challenges. Read on »
Silver Market Faces Historic Tensions
Silver faces a third consecutive year of supply deficits, driven by surging demand from the photovoltaic industry and rising production costs. Despite recent declines, analysts expect silver prices to test new highs, potentially reaching $30 or even $33 per ounce. Read on »
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