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 Report, April 8 (UTC+8), according to an analysis by the financial website Investinglive, generally, the easing of geopolitical tensions is unfavorable for precious metals such as gold and silver. However, this time, the situation is quite the opposite. Before the outbreak of the US-Iran conflict, positions in gold and silver mainly relied on leveraged trading, and the negative impact of the conflict led to leveraged sell-offs, causing declines in precious metals like gold and silver. After the US-Iran ceasefire, market sentiment improved, driving a rebound in gold and silver. Additionally, the ceasefire between the US and Iran also suggests 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. (Jin10)(Source: ODAILY)

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