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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ME News message, April 8 (UTC+8). The financial website Investinglive reports that, under normal circumstances, easing geopolitical tensions is bad for precious metals such as gold and silver. However, this time it is exactly the opposite. Before the outbreak of the conflict between the U.S. and Iran, positions in gold and silver relied mainly on leveraged trading. The negative impact from the conflict led to leveraged selling, causing precious metals like gold and silver to fall. After the U.S.-Iran ceasefire, market sentiment improved and drove gold and silver higher again. In addition, the ceasefire between the U.S. and Iran also means that major central banks may not need to raise interest rates too aggressively. This is also one of the reasons for the rebound in precious metals. (Jinshi) (Source: ODAILY)

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