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London
April 18, 2024
PI Global Investments
Precious Metals

Why investors are rushing to gold and silver


Jeffrey Christian of CPM Group discusses the remarkable surge in precious metal prices, particularly gold, which reached new record highs. He highlights the consistent rise in gold prices over the last few trading days and throughout March, focusing on the increase to both long-term and short-term investors entering the market. He also touches on the economic backdrop against which these price movements are happening, noting strong GDP growth in several countries. 

Jeff also discusses investment demand, and why investors are purchasing at a time of relative economic strength. Some of the reasons for the increased demand include risk aversion given the current political and economic uncertainties, as well as speculation of higher gold and silver prices. 

He concludes by discussing what type of investors are purchasing gold and silver, as well as well as the forms of the precious metals they are purchasing. 
 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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