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Precious Metals Rally as Gold Nears New Highs

OilPrice · Metal Miner · last updated
Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) saw a strong rally from mid-May to mid-June. Precious metals prices like gold, silver, platinum and palladium all climbed on a potent mix of safe-haven investment flows and robust industrial demand. Geopolitical tensions, notably the recent flare-up in the Middle East between Israel and Iran, have only fueled more risk aversion. This continues to drive safe-haven demand into gold and silver. Palladium Lagging in Struggles with EV Transition Palladium has improved from its spring…