This has undoubtedly provided the fuel for the gold and silver prices to keep churning higher, and similarly has driven the copper price to new record highs above $5 per pound. With regard to precious metals, investors are still trying to make sense of the massive cross-border flows of bullion we’ve seen to start the year—and so much gold has entered the country that it has further widened the trade deficit and subtracted heavily from GDP. There’s a useful adage about interest rates that comes to mind: they usually take the stairs on the way up and take the elevator on the way down.
Author: Everett Millman
Published at: 2025-03-31 21:18:39
Still want to read the full version? Full article
