US Economy Notes Significant Rise in Gold, Silver & Copper Prices

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The US economy has seen a significant rise in the prices of gold, silver, and copper. This surge in precious metals prices is driven by investors seeking stable long-term profits and a shift away from riskier investments. The rise in prices is attributed to the erosion of US economic metrics, loss of consumer faith in the USD, and increasing debt metrics. Gold is currently consolidating gains and is predicted to breach $2,500. The demand for gold is fueled by global central banks, which have been buying gold for months. Silver has broken past a critical price level and is expected to establish a new price marker. Copper prices have also gained momentum, suggesting a new price milestone. However, the high prices of silver and copper may signal a looming inflation crisis and hinder technological and sectoral development in the US.

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