The appeal of precious metals as a safe haven in times of economic uncertainty remains, says Ole Hansen, head of commodity strategy at Saxo Bank.
"Tangible assets with limited supply, such as gold, silver, platinum and copper, provide protection against geopolitical risks, inflation and fiscal imbalances," the expert said.
Precious metals are subject to geopolitical conditions, changes in global trade, policy decisions by central banks or changes in demand for precious metal jewellery.
Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished