In October 2023, gold prices surged to $2,000 per ounce, marking a substantial rally, particularly in the wake of escalating conflicts in the Middle East. This upward momentum also extended to other precious metals, with silver experiencing a 10% increase and platinum seeing a 9% rise since the onset of the conflict. These price gains were further bolstered by growing expectations that the Federal Reserve might finally cease its interest rate hikes. Notably, gold and silver mining stocks have thrived in this environment, demonstrating robust monthly performance throughout October, outperforming other industries in the U.S. equity market. Valuations for lithium stocks are now finally compelling after much of hype has been absorbed by the bearish price action this year. What is next for the lithium sector?
⭐Join us for this FREE webinar to learn:
– Will this bullish trend in the precious metals market persist?
– How much potential value still remains for North American gold mining companies today?
– Is the lithium market outlook positive?
– and much, much more!
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TECHNOLOGY PARTNER
Daily Hunt
https://www.dailyhunt.in/
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