CNBC: Gold, silver and copper rally has just taken a breather--new highs are not that far off, experts say

Gold prices have been rallying to record highs, with spot gold notching a new top of $2,449.89 per ounce on Monday. Silver too hit multi-year highs earlier last week, as did industrial metal copper.

While all three are off their perch currently, they are still trading hovering near record highs, with analysts expecting prices to strengthen over the next 12 months.

What will drive the rally in precious as well as industrial metals?

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