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Gold, silver, and platinum rocket higher as geopolitical, industrial, and investment drivers overpower profit-taking
The precious metals rally continues unabated as gold, silver, and platinum prices set multi-year and all-time highs, with even significant profit-taking unable to tamp down momentum, according to precious metals analysts at Heraeus. In their latest precious metals update, the analysts wrote that FOMO is stronger than profit-taking in the gold market right now. “Spot gold surged to $3,897/oz and remains very overbought but clearly overbought does not mean over, and there is still sufficient buying to push up the price,” they said. “How long that will last before a correction sets in remains to be seen. Gold ETF ... (full story)
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