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

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ME News message. On April 8 (UTC+8), a report by the financial website Investinglive said that, in general, 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 relied on leveraged trading; the negative impact brought by the conflict led to leveraged sell-offs, causing gold and silver to fall. After the US-Iran ceasefire, market sentiment improved, driving a rebound in gold and silver. In addition, the US-Iran ceasefire also means 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)

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