While oil prices are not signaling an imminent cease-fire deal (given initial gains), sharp declines in gold and silver without correlation to outside market influences, suggest the precious metal trade is anticipating a pause in hostilities.
However, the bull camp is buoyed by the potential for a third straight monthly gain in gold prices and by talk of strong global gold demand.
According to the World Gold Council's first-quarter Gold Demands Trends report, total global demand increased by 3% versus 2023 and posted the strongest first quarter since 2016...[MORE]
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