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Precious Metals Traders Believe Recession Fears Likely to Weigh on Commodities

Precious metals trader Heraeus Group predicts that several geopolitical and economic factors will play a major role in silver, platinum and gold markets through 2023. Last year proved to be extremely volatile, with the Russia-Ukraine war slowing down the already weak global economy and lockdowns in China crippling the country’s economy and impacting supply chains around the world.  Prices for commodities such as goldpalladium and silver rallied in the wake of the Ukraine invasion but saw their prices settle at lower levels as the war waged on.

With most of the world still grappling with rising inflation and increased cost of living, experts predict slower economic growth in…

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