Precious Metals Demand Set to Rise on AI Boom Despite Near-Term Headwinds
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AI boom expected to increase demand for precious metals used in chips and components.
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Demand growth seen for platinum, silver, palladium, and gold used in AI servers, switches, capacitors, wiring, circuit boards, etc.
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Recent surge in gold prices providing tailwind for other precious metals as well.
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High interest rates and economic concerns are near-term headwinds for precious metals demand.
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Overall recovery in industrial precious metals demand expected next year despite current challenges.
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