Gold prices aren’t benefiting from lower rate hike expectations because market participants are worried about the Iran conflict, while India’s new import controls are causing 10% price premiums on domestic silver even as demand languishes, according to precious metals analysts at Heraeus. In their latest update, the analysts noted that gold prices have remained trapped in a $250 range since the last Fed meeting. “In the week leading up to the Federal Reserve’s latest FOMC meeting on 17 June, gold was looking as if it might have shrugged off the weakness induced by the US-Iran conflict,” they wrote. “The Memorandum of ... (full story)