Market Analysis: Gold and Silver Rise After US-Iran Ceasefire, Mainly Due to Improved Market Sentiment and Reduced Rate Hike Bets

Golden Ten Data reported on April 8 that, according to analysis by financial website Investinglive, normally, easing 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, gold and silver positions mainly relied on leveraged trading. The negative impact brought by the conflict led to leveraged sell-offs, causing a decline in precious metals like gold and silver. After the US-Iran ceasefire, a rebound in market sentiment drove gold and silver to recover. In addition, the US-Iran ceasefire also means that major central banks may not need to raise interest rates too aggressively, which is another reason for the rally in precious metals.