Silver is expected to outperform gold in 2024 with global demand forecasted to reach 1.219 billion ounces, driven by strong industrial applications and green economy initiatives. Prices are predicted to rise, with spot silver potentially reaching $32 per ounce in the second half of the year.
Gold prices hit record highs as investors seek a safe haven amidst global economic uncertainty and geopolitical tensions. Analysts debate the driving factors behind the surge.
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Gold prices surged to $2,135 per ounce on December 4, 2023, before settling around $2,060, driven by a weakening U.S. dollar and expectations of lower interest rates from the Federal Reserve in 2024.