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Story perspectives

Metals Market Shifts: Gold-Silver Bullish Amid Uncertainty

10/2/2025

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Story summary
  • Key industrial and precious metals are influenced by structural factors beyond daily trading, ADM Investor Services says.
  • Copper remains tied to China’s economy; production edges up, yet demand remains fragile.
  • Gold faces political risk and U.S. fiscal uncertainty; silver demand stays supported by renewables.
  • Citi Research foresees a continued gold-silver bull market, with shifts to copper and aluminum in 2026.