A Surprising Industry Is Fueling a New Rush for Gold — and It’s Not Slowing Down - NEW YORK TIMES POST
4 Articles
4 Articles
A surprising industry is fueling a new rush for gold — and it’s not slowing down - NEW YORK TIMES POST
NEWYou can now listen to Fox News articles! Investors have long prized gold as a hedge against inflation and economic uncertainty, but one of the world’s fastest-growing industries is now fueling a new source of demand for the precious metal. The buildout of artificial intelligence (AI) is driving investment in advanced semiconductors, servers and the [...]
Following investors, central banks, and the jewelry sector, gold has gained another customer. The boom in AI investments has created a new area of demand for the precious metal. Although gold is trading above $4,000 per ounce, demand from the electronics sector has increased by 4%, and the sector is not turning to cheaper metals despite the high prices.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
