The current environment for precious metals
Precious metals have experienced an extraordinary trend in recent months, with gold reaching new all-time highs and silver reaching peaks not seen in more than a decade. This phenomenon is not random, but it is the result of a series of economic and geopolitical factors that are affecting global markets. Growing economic uncertainty, geopolitical tensions and high inflation have pushed many investors to take refuge in assets considered safe, such as
gold and silver.
Factors affecting the price of gold
The price of gold is influenced by various factors, including supply and demand, central bank monetary policies, and dollar fluctuations. Recently, the Federal Reserve adopted a more accommodative monetary policy, keeping interest rates low to stimulate the economy. This has made gold more attractive as an investment, since it does not produce interest and tends to gain value in an environment of low rates. In addition, political uncertainty and international tensions, such as the crises in the Middle East and relations between the United States and China, have further pushed investors towards gold
.
The role of silver in the precious metals market
Silver, often considered a secondary precious metal compared to gold, has seen a significant increase in its demand, both for industrial uses and as an investment. With the expansion of green technologies and the increase in the production of solar panels, the demand for silver is set to grow. In addition, silver is seen as a more affordable option for investors than gold, which has led to increased purchases. This has helped push the price of silver to an all-time high, making it an attractive option for those looking to diversify their portfolio
.