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Gold and Silver Surge on U.S.-Iran Ceasefire

From kitco.com

Gold and silver surged Wednesday after President Trump announced a two-week ceasefire with Iran, brokered by Pakistan just hours before his threatened deadline for strikes on Iranian civilian infrastructure. The relief rally was swift and broad, though markets almost immediately began stress-testing how long it might hold. Front-month Comex gold for April rose nearly 2% to $4,749.50 an ounce, its third consecutive daily gain, leaving the metal up 9.8% year-to-date. Front-month Comex silver for April surged 4.7% to $75.224, snapping a three-session losing streak. Gold reached as high as $4,850 and silver touched ... (full story)

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  • Category: Fundamental Analysis