Tale of Two Metals: How Rising Gold, Uranium Price Impacts Supply

BEST-BACKGROUNDS / Shutterstock Current global economic and geopolitical factors are converging to create strong prospects for gold and uranium.

Economic and geopolitical factors indicate that 2024 is a good year for gold and uranium , creating opportunities for operators and investors. The uniqueness of this commodities market needs c areful analysis .

Uranium fundamentals remain strong due to tightening supply and growing demand. The uranium space is seeing more M&A activity than exploration. Debates continue over nuclear power policies and the increased influence of China and Russia over the market.

Despite challenges with permitting, project financing and securing agreements, the uranium sector is experiencing a bull market . The price of uranium witnessed a nearly 70 percent rise in 2023, with the spot price reaching as high as US$82.30 per pound.At the same time, gold is also experiencing a surge. Because gold is almost indestructible, the 6.7 billion ounces already […]

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