Gold and silver move lower heading into the European open Kitco NewsOct 29 Platinum and palladium forecasts slashed after chip shortage hits auto. KITCO Covers The Latest Gold News, Silver News, Live Gold Prices, Silver Prices, Gold Charts, Gold Rate, Mining News, ETF, FOREX, Bitcoin, Crypto. was one of the best years on record for gold, as investors piled into the safe-haven asset amid geopolitical and economic uncertainty. The. Though rate hikes are not good, hope of economic revival helped Industrial commodities like platinum to gain. WTI Crude ($/barrel) WTICrude. "Precious metals have not outperformed equities, but they have been a relatively good investment over the last years.". Gold prices have soared more than 20% in , and they hit a new record high earlier this year. Silver and palladium are surging, too. Platinum hits an over nine-month low of $/oz Right now, “any good news is bad news for gold,” and if more positive economic data. Gold prices have soared more than 20% in , and they hit a new record high earlier And it should be good news for platinum bulls. Precious metals like gold, silver, and platinum have been recognized as But which precious metal is best for investment purposes? Historically, precious metals have tended to do well during times of economic uncertainty or inflation, so they may protect long-term purchasing power Buying.