What’s going on with the metals market? (commerical, semi-precious, and precious)?

It looks like metals of all prices have been going parabolic.

First it was precious metals like Gold. Then semi precious with the explosion in silver and now even commerical metals like copper.

I can understand somewhat the explosion in silver and copper – given all the AI infrastructure speculation. But Gold too?

Is this a sign that folks are taking their stores out of USD and moving them into metals? Is this a global skepticism in the US fiat? Combined with skepticism in the AI market?