The article analyzes that copper and silver prices have risen since late 2023 due to increased demand from AI data centers and slow supply, while gold has been driven by weakening US economic data, a depreciating dollar, and the demand from central banks to diversify reserves. Royal Gold's second-quarter revenue increased by 56.5% to $450 million, with earnings per share of $2.56, up 41% year-over-year, and operating cash flow reaching $335.2 million, more than double the amount from the same period last year. 76% of the company's revenue came from gold, 12% from silver, and 8% from copper.