US EditionPublished • loading... • Updated
Why metal prices are soaring to record highs
Gold surged over 70% and silver rose 2.5 times this year amid supply disruptions and strong demand from AI and energy transitions, analysts said.
- This year, precious and industrial metals have surged to record highs as gold climbed more than 70 percent and silver reached $72 an ounce.
- Amid a weaker dollar, industrial demand has strengthened in recent months as uncertainty around Trump's presidency and Federal Reserve interest rate expectations have weakened the dollar.
- Specific price records and mine troubles tightened physical markets as copper topped $12,000 a ton after China announced demand measures, while platinum and palladium rose on EU auto rules and mine disruptions in the Democratic Republic of Congo, Chile and Indonesia.
- Year-End thin trading and investor FOMO amplified price moves as investors turned to gold and silver, broadening into industrial metals to diversify portfolios this year.
- Macro and sector risks leave metals sensitive to further shocks as rising public debt in major economies and the artificial intelligence sector fuel concerns alongside tight physical markets for silver, platinum and aluminium.
Insights by Ground AI
49 Articles
49 Articles
Coverage Details
Total News Sources49
Leaning Left5Leaning Right11Center12Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 18%
C 43%
R 39%
Factuality
To view factuality data please Upgrade to Premium
