As the trade war continues to intensify, significant shifts have been noted in the precious metals market. Notably, the forecast for gold prices has seen a considerable jump, reaffirming gold’s status as a safe haven amid economic turmoil. Investors have been turning to gold to hedge against the turbulence triggered by ongoing international trade disputes.
On the other hand, predictions for silver prices by 2025 have been reduced. The industrial demand for silver continues to decline amidst the uncertainties brought about by the trade war. While silver generally tends to follow gold’s lead in market trends, the decreased industrial demand has been influential in driving its price downwards.
With global trade relations remaining unpredictable, the precious metals market is expected to see more fluctuations in the near future.
This development comes from BullionVault, a leading online bullion market, that offers private investors around the world access to professional bullion markets. Read More
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