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Precious metals cash in on record run, stocks bask in year-end glow

From zawya.com

There was a last-minute selloff in precious metals markets on Wednesday as investors cashed in some of the year's massive gains ​in gold, silver and platinum, while stocks quietly consolidated their best year since before the COVID pandemic. Most markets were on end-of-year autopilot after a roller coaster 12 months of ⁠geopolitics-related swings, extreme dollar weakness, bond market jitters and the ongoing frenzy around AI stocks. But it wasn't the case for all. Silver prices jerked back nearly 6% in London following their ⁠astonishing 150% surge this year. Gold, which has had its best year since the 1979 oil ... (full story)

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  • Category: Fundamental Analysis