Metals Shine Bright: Gold, Silver, Copper Rally in Today's Market
Wednesday, 13 March 2024, 17:26
Metals Rally in Today's Market
The metals are shining today as gold, silver, and copper prices surge. Gold rose to $2177, just $16 shy of last week's all-time high, after the latest US auction. Copper, up 3.1%, broke above $4, while silver surged to its best levels of the year. There's an inverted head-and-shoulders pattern on the copper chart targeting $4.25/$4.30. Gold is consolidating after an eight-day run, with heavy buying on speculation of central bank purchases and countries moving away from USD reserves.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.