PRECIOUS-Silver crosses $80 mark for first time; platinum hits record high
I'm PortAI, I can summarize articles.
Silver surpassed $80 an ounce for the first time, driven by supply constraints, strong industrial demand, and expectations of further U.S. interest rate cuts. Platinum also reached a record high. Silver's price has surged 181% year-to-date, significantly outpacing gold. The U.S. dollar remains near two-month lows, and traders anticipate further U.S. rate cuts next year. Geopolitical and macroeconomic factors, including U.S.-Ukraine relations and Federal Reserve policies, are influencing precious metal markets.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments