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Gold and silver rallies likely on pause despite new tariffs, higher inflation, and Middle East escalation – StoneX’s O’Connell
The outbreak of war with Iran, fresh uncertainty surrounding Trump’s tariffs, and higher than expected U.S. inflation are all supportive of gold and silver prices on paper, but both metals exhibit overbought conditions and are due for a break, according to Rhona O’Connell, Head of Market Analysis for EMEA & Asia at StoneX. “[T]he geopolitical environment has continued to be an over-arching influence on the precious metals, predominantly gold and silver, although platinum and palladium have also been whipped by outside influences,” she wrote in a note on Monday. “Obviously the most recent and dramatic ... (full story)
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