PRECIOUS METALS | Gold and Silver Prices Rebound Amid U.S.-Iran Ceasefire

Geopolitical tensions typically have a negative impact on precious metals like gold and silver. According to Odaily, the recent U.S.-Iran conflict initially led to a decline in these metals due to leveraged sell-offs. However, following the ceasefire, market sentiment improved, resulting in a rebound in gold and silver prices. The ceasefire also suggests that major central banks may not need to aggressively raise interest rates, contributing to the recovery of precious metals.