No. of Recommendations: 2
https://www.bloomberg.com/news/articles/2026-01-14...Silver jumped as much as 5.3% to top $90 an ounce for the first time on Wednesday, while gold notched another all-time peak. Tin was the standout among base metals, and was up as much as 6% at one point, while copper also resumed its rally. Many metals are benefiting from prospects for better manufacturing demand, including in growth sectors like artificial intelligence.
The so-called ‘debasement trade’ — in which investors avoid government bonds and currencies due to worries over ballooning debt levels — has underpinned the rally, especially in precious metals. A relatively weak greenback makes dollar-denominated commodities cheaper for many buyers. Gold rose 65% last year, while silver jumped almost 150%. Both posted their best annual performance since 1979.
“When gold moves first, it usually signals declining trust in fiat currencies,” said Hao Hong, chief investment officer at Lotus Asset Management Ltd. and an influential Chinese market commentator who has backed metals. “Everything is measured against gold, then most assets look cheap right now, which is a strong tailwind for commodities, especially metals.”
A more optimistic mood in Chinese financial markets has also helped, with investors piling into metals futures as well as equities in recent weeks. The latest trade data for Asia’s biggest economy showed exports booming, adding to other signs of resilience including busier factory activity.
Jeff
