Reported 28 days ago
Gold hit a new high near $2,770 per ounce, while silver surged past $34 as investors leaned towards precious metals amidst U.S. election uncertainty and anticipated lower interest rates. Analysts indicate a long-term shift towards these assets as they remain attractive hedges against inflation. Central bank purchases have significantly boosted gold prices by 28% this year, with projections suggesting a potential increase to $2,900 per troy ounce by early 2025.
Source: YAHOO