Shiny and strong: Precious metals glitter as inflation hedge - London Business News

Precious metals are having their long-awaited moment, glinting attractively as inflation soars and markets wobble. Gold breezed up 0.19% to $2,033 an ounce this morning, while silver rose 0.32% to $23.02. Palladium also strengthened 1.19% to $989.84. “Precious metals remain a sought-after inflation hedge and safe haven amidst economic uncertainty,” said Tobi Opeyemi Amure, an analyst at Trading.Biz. “While rate hikes to curb inflation may temporarily dampen appeal, these dips present..