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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.

Gold futures trade higher

Media

Featured in BusinessLine: Renisha says gold rebounded after the US-Iran ceasefire, but the rally may remain fragile.