06 Nov, 23

AI Surge To Fuel Precious Metals Demand In 2024

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The boom in AI could mean a boom in industrial demand for precious metals in 2024. Metals Focus, an independent precious metals research consultancy, released a note recently that said it expects the increased demand for chips powering AI technology to drive “widespread support for a range of precious metals bearing components.” Industrial and tech demand for precious metals has been muted this year due to sluggish global economic activity. For instance, the demand for gold in the tech and industrial sector was down 3% year-on-year…

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