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Gold shines amid geopolitical uncertainties
The World Bank’s precious metals price index climbed 9 percent in April 2024 (m/m), continuing its upward trajectory from the first quarter. Gold reached a new nominal record in April, while silver approached its early 2021 record. Platinum prices also rebounded during the month. Strong demand, fueled by heightened geopolitical tensions, has been supporting the price surge. The index is expected to increase by 8 percent in 2024 compared to 2023. Stronger gold demand from emerging markets and developing economies (EMDEs), amid heightened geopolitical uncertainty, is a key upside price risk. Conversely, sluggish ... (full story)
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From meti.go.jp|May 16, 2024tables
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- Posted: May 16, 2024 1:07am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 409
