With interest rates at their highest level in over a decade, experts highlighted the new environment has take a toll on gold, with John Reade, market strategist for EMEA at the World Gold Council, explaining that investors “typically prefer assets with higher yields” as interest rates rise and stock markets enjoy bullish sentiment.
George Cheveley, portfolio manager and metals specialist at Ninety One, added that the surge in cost inflation over the past two years has also strained gold companies, as margins were tighter than usual.
Four Graphs explaining silver
However, as markets…
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