Gold, Silver, and Copper Are All Hitting Record Highs—Here's What's Driving the Frenzy [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
Copper's record run reflects surging demand worldwide from EV, AI infrastructure, and renewable energy construction projects. Investors continue to buy up metals, driving the prices of gold and silver to new highs. Gold hit $4,460 per ounce Monday, an all-time high in a year that's already seen it surpass its 1980 inflation-adjusted peak. Silver has more than doubled in price. Copper, the metal wiring data centers and EVs, is approaching $12,000 per ton in its biggest annual surge since 2009. For investors, the metals rally signals persistent fears over inflation and economic uncertainty , as well as a massive infrastructure buildout that's just getting started. You may already be feeling these price surges, whether through higher jewelry costs , pricier electronics, or rising home renovation bills. Rate-cut expectations, a weakening dollar , and geopolitical anxiety are fueling these rallies. The dollar is on pace for its steepest annual decline since 2017, making gold cheap
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