Market Analysis: Gold and silver rise after US-Iran ceasefire, mainly due to improved market sentiment and reduced bets on interest rate hikes.

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Odaily Planet Daily reports that a financial website, Investinglive, analysis said that under normal circumstances, easing geopolitical tensions is not favorable for precious metals such as gold and silver. However, this time the situation is exactly the opposite. Before the outbreak of the conflict between the United States and Iran, positions in gold and silver mainly depended on leveraged trading. The negative impact brought by the conflict led to leveraged selling, causing precious metals such as gold and silver to fall. After a U.S.-Iran ceasefire, improving market sentiment drove a rebound in gold and silver. In addition, a U.S.-Iran ceasefire also means that major central banks may not need to raise interest rates too aggressively. This is one of the reasons for the rebound in precious metals. (Jin10)

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