From Yahoo Finance: 2024-05-20 12:05:27

Gold prices reached a record high while silver prices hit 12-year highs in the ongoing rally of the metals market. Gold futures traded at over $2,450 per ounce, silver surged to over $32 per ounce, the highest since 2012. Copper prices also hit new highs, driven by short squeezing and strong demand fundamentals. Analysts forecast copper to reach $12,000 per ton in 2025, a 20% increase. Silver saw a rise in industrial demand in 2023, making it potentially susceptible to economic swings. Overall, commodities, particularly metals, are viewed favorably in the macroeconomic picture.



Read more at Yahoo Finance: Gold, copper hit records, silver reaches 12-year high as metals rally continues