Gold and silver have long been popular investment instruments because of their status as safe havens in times of economic uncertainty. Recently, however, rising interest rates have caused some unease among precious metals investors.
Long-term outlook for precious metals
But despite these short-term effects, many investors continue to believe in the long-term outlook for precious metals. Many analysts point out that the fundamental factors driving the price of gold and silver, such as the growth of the global economy and geopolitical tensions, still favour these metals.
Moreover, there are other factors that can support gold and silver prices, such as growing demand from emerging economies and limited supply of new precious metal reserves.
Despite the recent interest rate hikes that have caused some unease among precious metals investors, the long-term outlook for gold and silver still seems positive. Thereby, this thinking is confirmed by the fact that central banks worldwide increased their gold reserves in 2022 and 2023. This shows that gold still plays an important role in central banks' currency management process, especially in times of uncertainty and volatility in financial markets.
Disclaimer: The Silver Mountain does not provide investment advice and therefore this article should not be considered as such. Past results do not guarantee future results.
Manager Inkoop Edelmetaal | Stocks, cryptocurrencies and precious metals
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