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After the gold price surpassed 3,000 dollars, the "heavy" Silver began to receive more favor.
① The threat of USA tariffs and the complex geopolitical situation have led to an increase in safe-haven demand, resulting in Gold prices exceeding $3,000; ② Analysts point out that Silver has a greater potential for increase than Gold, as data shows that Silver Futures on the Cboe have risen over 16% this year, surpassing Gold; ③ Silver is currently undervalued compared to Gold, and due to its strong industrial properties and the possibility of shortages, its price is expected to rise strongly this year.
Big News: Gold Hits Fresh Record of US$3,020 an Ounce
ANZ Bank: Increasing tariffs raise demand for safe havens, gold prices may hit 3,200 USD.
ANZ Bank significantly raised its Gold price expectations: the target for the next three months is set at $3,100 per ounce, while the six-month expectation reaches $3,200.
Silver Prices Expected to Rise, Aided by Rally in Gold Prices, ANZ Research Says
Express News | Spot Gold Hits Record High over 3,011/Oz
Concerns over a recession in the USA combined with renewed tensions in the Middle East have resulted in Gold rising above $3000, setting a new historical high.
On Tuesday in the Asian market, spot Gold climbed above 3000 dollars per ounce, reporting at 3007.06 dollars per ounce at the time of writing. The USA retail sales fell short of expectations, casting a shadow over the economic outlook, coupled with renewed conflict in the Middle East, boosting demand for safe-haven Gold. So far this year, Gold prices have risen by more than 14%.
