Daily Reports

Precious Metals surge on ceasefire optimism

Daily Report

Gold is expected to gain 1% and Silver 4% this week, marking a fourth straight weekly increase. This rise is driven by improving prospects of a permanent US-Iran ceasefire, which has reduced inflation concerns and lowered expectations of further central bank rate hikes.

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Geopolitical Escalation Triggers Profit Booking in Precious Metals Near Key Resistance Levels

Daily Report

Gold and Silver witnessed significant profit-booking after reaching fresh two-week highs near $4800 and $75, respectively, amid renewed escalation in the US–Iran conflict. The prolonged nature of the conflict, coupled with Donald Trump’s hawkish remarks, has reduced expectations of near-term de-escalation, thereby reinforcing the US Dollar’s dominance as a global reserve currency and exerting downward pressure on precious metals

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