All articles tagged with #preciousmetals
Gold prices fell sharply following Donald Trump's election victory, marking the worst performance in at least 13 US presidential election cycles, with a nearly 7% drop. Despite this immediate decline, the long-term forecast for gold remains bullish, contrasting with the post-election boost seen in other asset classes like stocks and Bitcoin.
Google Bard, an AI tool by Google, has recommended four commodities for investment in 2024: gold, Bitcoin, lithium, and silver. Gold is seen as a safe haven against economic uncertainty, while Bitcoin is expected to benefit from increased adoption and potential regulatory clarity. Lithium is anticipated to grow due to its use in batteries for electric vehicles and energy storage, but market saturation risks exist. Silver is considered a strategic investment, similar to gold, but with additional industrial uses. Investors are advised to diversify their portfolios to mitigate risk.