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Gold and Silver Hit Three-Week Highs, but Caution Persists
Gold and Silver reached their highest levels in three weeks after Washington and Tehran announced a two-week ceasefire, a signal markets interpreted as partial relief from tensions in the Middle East. In that context, gold was down 0.17% at $4,769 after touching an intraday high of $4,888 earlier in the session. Silver, meanwhile, fell 1.35% to $74.315, slightly below its daily peak of $77.80. The move was also supported by financial factors. According to Giovanni Staunovo, analyst at UBS, the rally was fueled by a weaker U.S. dollar—which fell more than 1% during the session—and by a sharp drop in oil prices. ... (full story)
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- Apr 9, 2026 5:10pm Posted byFundamental Analysis149
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