Precious metal prices surged this week, with gold reaching approximately $7,000 an ounce and silver around $150. This spike has prompted a significant increase in customers at Canada Gold, particularly in Calgary, where many seek to liquidate their bullion. Factors such as rising demand, inflation hedging, and geopolitical instability are driving the surge, described by financial reporter Tim Kiladze as “investor pandemonium.” The future demand for precious metals remains uncertain, influenced by upcoming geopolitical developments.
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