Top Stories This Week: Gold Passes US$1,750, Silver Sweeps Through US$17 | Summary and Q&A

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May 22, 2020
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Top Stories This Week: Gold Passes US$1,750, Silver Sweeps Through US$17

TL;DR

Gold and silver prices reach new highs amidst concerns of delayed economic recovery. Aurora Cannabis plans to enter the US market by acquiring Reliva, a hemp-derived CBD products company.

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Questions & Answers

Q: Why are gold and silver prices increasing?

Gold and silver prices are rising due to concerns about the economic recovery being slower than anticipated, leading investors to seek safe-haven assets like precious metals.

Q: What makes silver an appealing investment?

Silver is known to have more volatility compared to gold, meaning that when it performs well, it can outpace gold's returns. It is seen as an amplified version of gold.

Q: What is the outlook for platinum and palladium?

Metals Focus predicts a decrease in platinum prices this year but expects palladium prices to rally in the second half, with an anticipated average price of $2,275 per ounce, a 48% increase compared to 2019.

Q: Why is Aurora Cannabis acquiring Reliva?

Aurora Cannabis aims to enter the US market by acquiring Reliva, a company that sells hemp-derived CBD products. This move allows Aurora to expand its product offerings and tap into the US market.

Summary & Key Takeaways

  • Gold and silver prices have been rising due to fears of a slow economic recovery, with gold reaching its highest price since October 2012 and silver surpassing $17 per ounce.

  • Experts Brian London and Chris Marcus explain that silver tends to have more significant price fluctuations compared to gold, making it an attractive investment opportunity.

  • Metals Focus forecasts a decrease in platinum prices but expects a rally in palladium prices in the second half of the year.

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