Precious Metals Demand Set to Rise on AI Boom Despite Near-Term Headwinds

AI boom expected to increase demand for precious metals used in chips and components.

Demand growth seen for platinum, silver, palladium, and gold used in AI servers, switches, capacitors, wiring, circuit boards, etc.

Recent surge in gold prices providing tailwind for other precious metals as well.

High interest rates and economic concerns are near-term headwinds for precious metals demand.

Overall recovery in industrial precious metals demand expected next year despite current challenges.