As global economic uncertainties continue to hover around, investors around the world are keenly observing the price movements of precious metals, particularly gold and silver. Experts have different opinions on whether the prices of these sought-after metals will see a further dip.
Some analysts argue that as industries recover from the Covid-19 impacts, and as central banks around the world retain accommodative monetary policies, inflation will likely become a significant concern. This could lead to an increase in the demand for gold and silver, thereby driving up their prices.
On the other hand, some believe that robust industrial growth and a potential interest rate hike by central banks might divert investor interest from precious metals to equities, leading to a drop in gold and silver prices.
However, most analysts agree that geopolitical tensions, economic instability, and unpredictable market behaviours make it nearly impossible to predict the precise course of gold and silver prices. Therefore, investors are advised to stay on top of market news and trends, and potentially consult with a financial advisor for personalized investment strategies. Read More
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