fintech / news / / CNBC TV18
Spot gold held near a one-week high at around $4,688 an ounce after climbing nearly 3% on Wednesday.
Analysts expect gold and silver to reach new record highs, potentially later this year.
KEY POINTS
- Despite a short-term correction, central banks are expected to continue diversifying into gold.
- Silver's supply remains tight while demand from green technologies and AI grows significantly.
- Gold imports in India have fallen to multi-year lows, causing emerging supply tightness and local premiums.
- Precious metals showed unusual recent correlation with equities, both negatively affected by interest rate fears.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →