Gold, silver and platinum's red-hot rally still has further to go, strategists say
Publishing timestamp: 2024-05-16 08:34:54
Summary
Precious metal prices surged after softer-than-expected U.S. inflation data raised prospects of rate cuts from the Federal Reserve. Gold, silver, and platinum prices reached multi-year highs, with predictions of further increases in the coming months. Some analysts expect prices to continue rising, while others anticipate a slight easing in the second quarter.
Sentiment: MIXED
Keywords: gold / us dollar spot, breaking news: markets, business news, metals and minerals industry, united states, precious metal markets, markets, platinum (apr'23),