Gold, silver and copper have been on a history-making run. The narratives vary.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
0mins
Source: MarketWatch
- Gold, copper, and silver prices surge: Gold and copper futures reached their highest settlements ever, while silver hit an 11-year high.
- Weakness in the U.S. dollar: The recent decline in the U.S. dollar is a contributing factor to the rise in metal prices.
- Market strategist's perspective: John Caruso from RJO Futures mentioned that a general market uptrend is boosting all commodities.
- Record-breaking prices: The precious metals market is experiencing significant price increases due to various factors.
- Overall rally in metal prices: The surge in gold, copper, and silver prices is attributed to multiple reasons beyond just the weakening dollar.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
