Precious Metals Market Struggles

As investor sentiment remains divided, the precious metals market grapples with persistent challenges, including high inflation, rising interest rates, and geopolitical tensions, particularly following the outbreak of the Iran conflict. Gold and silver miners, especially Newmont Corporation, have faced steep stock declines, with Newmont's value plummeting over 25% during the crisis. Despite previous optimistic positions, market conditions have shifted towards caution, with many investors now favoring royalty and streaming companies as safer bets amid rising operational costs. While there are signs of tightening supply and potential for a rebound, the overall outlook remains uncertain as traders await clearer market catalysts.