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Geopolitical Rupture and the Age of Metals Stockpiling
SUMMARY
- Record highs in gold and silver driven by North American ETF inflows
- Stabilization of gold to silver price ratio suggests potential bottom as physical surplus widens
- China's production data and aluminum prices under scrutiny, while tin outperforms other base metals due to supply and demand dynamics
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- Geopolitical Rupture and the Age of Metals Stockpiling26 Jan 2026
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