Gold will hit $5,800 ATH by December, but silver has highest upside, platinum has breakout potential – MKS PAMP's Shiels

Gold is projected to hit a fresh all-time high of $5,800 per ounce before year-end despite Iran war-related headwinds, according to MKS PAMP's Nicky Shiels. Silver is framed as the better medium-term trade due to its supply deficit and dual demand from investment and industrial use. The call is constructive for precious metals, but it is analyst commentary rather than a new market-moving event.

Analysis

Gold is projected to hit a fresh all-time high of $5,800 per ounce before year-end despite Iran war-related headwinds, according to MKS PAMP's Nicky Shiels. Silver is framed as the better medium-term trade due to its supply deficit and dual demand from investment and industrial use. The call is constructive for precious metals, but it is analyst commentary rather than a new market-moving event.