New York CNN —
Wall Street traders hunting for profits might find that the most lucrative investments are in the peculiar market for precious metals.
Gold, silver and platinum prices have surged this year as investors have piled into precious metals in search of places to hide from trade war uncertainty.
President Donald Trump’s chaotic tariff plan has rocked markets, and investors have tried to minimize risk by putting some money in safe haven assets. While gold is historically considered a haven, demand for havens has spilled over into its wonky cousins like silver and platinum.
The metals craze is reflected in the numbers: Precious metals are trouncing the US stock market this year. Gold has soared 27.5%, silver is up 24% and platinum has surged a whopping 36%.
Meanwhile, after rising by 23% last year and 24% in 2023, the S&P 500 is up less than 3% so far this year; there is an unusual amount of jitters in the normally staid bond market; and the US dollar has broadly weakened after rising 7% last year.
As bonds have been volatile and the dollar has weakened amid tariff turmoil, weird inve
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