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

ME News message. On April 8 (UTC+8), an analysis by the financial website Investinglive reported that, under normal circumstances, the easing of geopolitical tensions is unfavorable for precious metals such as gold and silver. However, this time the situation is exactly the opposite. Before the outbreak of the US-Iran conflict, positions in gold and silver mainly depended on leveraged trading; the negative impact brought by the conflict led to leveraged sell-offs, causing gold and silver and other precious metals to fall. After the US-Iran ceasefire, improved market sentiment helped gold and silver rebound. In addition, the US-Iran ceasefire also suggests that major central banks may not need to raise interest rates too aggressively. This is also one of the reasons behind the rebound in precious metals. ( Jin10 ) (Source: ODAILY)