Tom Lee: Metals have proven to be a genuine asset class

PANews

Tom Lee stated in the latest CNBC live broadcast that metal assets are being re-priced by the market and are gradually proving to be a “real” asset class. For a long time, gold was mostly regarded as a preference for a minority of investors, but over the past three years, the sustained strength in metal prices has changed this perception.

He pointed out that this round of growth may be driven by multiple factors, including geopolitical uncertainties, the weakening of the US dollar and other currencies, and continuous central bank purchases. Tom Lee believes that these factors do not necessarily put pressure on the stock market; on the contrary, if they reflect a more accommodative monetary environment, they could actually benefit overall asset prices.

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