After the Iran-Iraq ceasefire, gold and silver prices rose; improving market sentiment and weaker expectations of interest-rate hikes were the main drivers.

Gate News message. On April 8, according to analysis by the financial website Investinglive, after the U.S.-Iran ceasefire, gold and silver prices rose. The analysis pointed out that before the outbreak of the U.S.-Iran conflict, positions in gold and silver largely depended on leveraged trading; the negative impact brought by the conflict led to leveraged selling, causing gold and silver prices to fall. After the U.S.-Iran ceasefire, improving market sentiment drove a rebound in gold and silver. In addition, the U.S.-Iran ceasefire also means that major central banks may not need to be overly aggressive with rate hikes, which is another reason for the rebound in precious metals.

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