Gold And Silver Hit 3-Week Highs After U.S.-Iran Ceasefire Agreement

Gold and silver have declined during the Iran war, bucking typical safe-haven behavior, while oil prices have surged. Analysts highlight an inverse relationship between precious metals and oil amid the conflict, implying shifts in commodity cross-asset flows and positioning that may continue to pressure metals.

Analysis

Gold and silver have declined during the Iran war, bucking typical safe-haven behavior, while oil prices have surged. Analysts highlight an inverse relationship between precious metals and oil amid the conflict, implying shifts in commodity cross-asset flows and positioning that may continue to pressure metals.