Iran war won’t change precious metals’ trajectory – but a recession would – with silver and PGMs set to suffer the worst – Heraeus

From kitco.com

A look back at previous wars that resulted in oil price spikes shows that they have limited impact on precious metals’ price direction. But when those wars and oil price disruptions result in recessions, precious metals weaken considerably – and a recession may well be in the cards, according to precious metals analysts at Heraeus. In their latest update, the analysts looked at the performance of the precious metals complex during previous conflict-driven oil shocks. “Historically, oil price shocks have had a limited immediate impact on precious metal prices, with the price trend that existed prior to the oil ... (full story)