Precious Metals' Performance and Market Analysis

Precious metals, including gold, silver, platinum, and palladium, have seen fluctuations driven by factors such as the weakening US dollar, geopolitical tensions, inflationary pressures, and economic uncertainty. The IMF provides primary commodity prices data, while the precious metals market is expected to grow at a CAGR of 5.82% between 2022 and 2027, with gold being the most significant contributor. However, rising interest rates and a strengthening US dollar have weakened precious metal prices, impacting their performance in bull and bear markets.