After the announcement of the new tariff threat, the precious metals market experienced an unexpected surge. Today, gold and silver prices hit an all-time high. Although a tariff threat can exert downward pressure on the economy, it seems to have an opposite effect on precious metals.
Experts suggest the sudden spike could be driven by investors seeking safe havens to protect from potential downturns in the economy. A tariff threat can induce instability in the equity markets, affecting investments. In such scenarios, precious metals like gold and silver often serve as reliable investment options.
The increase in demand for these metals from uncertain investors has boosted their value on a global scale. It remains to be seen how long this upward trend will persist in the face of geopolitical tensions and ongoing tariff negotiations. Read More
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