Story perspectives
Gold Soars 27.5% Amid Trade Wars and Weak Dollar
6/12/2025
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Story summary
- Precious metals like gold, silver, and platinum have surged in 2024 amid trade war uncertainties and a weakening US dollar.
- Gold prices increased by 27.5%, silver by 24%, and platinum by 36%, outperforming the S&P 500.
- Central banks in India and China are purchasing gold to strengthen reserves, pushing prices upward.
- Silver's growth is driven by industrial demand, while platinum benefits from supply deficits and rising jewelry interest in China.
