-
Gold (XAUUSD) & Silver Price Forecast: Inflation Bets, Ceasefire Shift Precious Metals Outlook
Gold prices declined during the early Asian session on Wednesday, falling toward $3,327 per ounce, as a de-escalation in Middle East tensions weighed on safe-haven demand. The retreat followed news of a ceasefire agreement between Iran and Israel, shifting global market sentiment into a risk-on mode and prompting a rotation out of traditional hedges, such as gold. Meanwhile, silver prices edged slightly higher, trading near $36.02, supported by persistent expectations of U.S. rate cuts later this year. The gold-to-silver ratio narrowed to 92.4, reflecting relative resilience in silver amid broader market uncertainty. ... (full story)