Reasons for the collective surge in precious metals, gold, silver, and platinum set new historical records

This week, precious metal prices frequently hit new highs, leading the year-end market trend. On the 26th local time, it was the first trading day after the traditional American holiday, and precious metals such as gold, silver, and platinum saw a significant surge, setting new historical records. The liquidity spillover effect of gold, the weakening of the US dollar, and supply tightness have also driven the prices of other precious metals like platinum and palladium to soar. Platinum futures prices surged to a historical high this week, breaking the $2400 per ounce mark for the first time, with a weekly increase of over 22%. Palladium futures prices rose by about 13%, reaching $2023.3 per ounce, the highest level in more than three years. (CCTV Finance)