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Silver supply remains in deficit, and investment will be making a comeback mid-year, according to a market forecast that investors are pinning their actions on future rates cuts by the Federal Reserve.
Thailand reports strongest 2023 consumer gold demand growth in ASEAN market Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
While the holiday season usually drives increased spending on items like jewelry, reports of robust demand this year are remarkable because the shopping season happens to coincide with a stock market crash.
The rate at which platinum is displacing palladium in the manufacture of autocatalysts is slowing due to the sister metals approaching price parity, a trend which is likely to persist through this year, analysts said. Growing use of platinum in autocatalysts that reduce harmful emissions from internal combustion engines and rising sales of battery-powered electric vehicles was behind the 39% slump in palladium prices last year. Around 620,000 ounces of palladium were replaced by platinum in 2023 vs 385,000 ounces in 2022, according to the World Platinum Investment Council's (WPIC) Novem...
Gold prices rose Thursday as Poland's new Prime Minister, Donald Tusk, rowed back from prosecuting PIS-appointee Adam Glapinski but repeated his wish to fire him as head of the NBP, the world's No.2 gold-buying central bank this year behind China