Tag: precious metal prices
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Gold Miners’ Stocks Surge as Gold Hits Record High Amid Trump’s Remarks
London-listed gold miners experienced a surge in their stock prices as the value of gold reached a record high, surpassing $3,500 per ounce. This spike was triggered by remarks from U.S. President Donald Trump criticizing Federal Reserve Chair Jerome Powell, leading investors to seek the safety of gold. PAYDIRT: Mining for Profits with Gold &…
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Platinum and Palladium Prices Volatile Amid Industrial Demand and Market Liquidity
Platinum and palladium, two precious metals with significant industrial applications, have experienced price fluctuations in recent months. In the first quarter of the year, platinum saw an 8.77% decline, while palladium dropped by 7.91%. Despite being classified as precious metals, their prices are more influenced by industrial demand rather than financial factors. The futures markets…