Earlier this week, gold’s price hit an unprecedented high, rising above $5,000 per ounce. This extended the precious metal’s rally, which has been driven higher by escalating tensions between NATO and the United States over Greenland, compounding increasing anxiety about geopolitical risk and economic instability.
As these tailwinds continue to drive gold’s upward price momentum, extractives companies like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) are poised to deliver greater shareholder value over the coming months.
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