The silver market is undersupplied, which will drive prices above $30

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Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

The gold market is starting the week with some consolidation after it was unable to hold gains above $2,400 an ounce. June gold futures last traded at $2,375 an ounce, roughly flat on the day. However, silver continues to be the metal to watch as it currently trades at $28.70 an ounce, up more than 1.% on the day.

Tensions appear to be easing in the Middle East after Iran’s rocket and drone attack during the weekend was largely intercepted by Israeli and U.S. forces. Some analysts note that easing geopolitical risk creates less safe-haven demand for gold, while market sentiment supports global economic activity, which boosts silver’s industrial demand.

has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.

 

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