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Free Press Journal

Gold and silver brace for renewed volatility as West Asia tensions lift oil and pressure bullion

AI Market Summary
Renewed US-Iran tensions lifted crude oil and broad risk uncertainty, but gold and silver sold off as a stronger USD and firmer Fed tightening expectations dominated flows. The week's declines suggest safe-haven demand is being offset by higher real-rate and dollar headwinds. Near-term pricing is likely to stay headline-driven around geopolitical developments and a dense slate of US, Europe, and China macro data.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+1.16%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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U.S. airstrikes on Iran followed attacks on U.S.-linked facilities in Jordan, escalating the West Asia conflict. Comex gold fell 2.3% over the week to USD 4,018.8 an ounce, while silver slid 6.4% to USD 56.32 an ounce, with MCX gold and silver futures also declining. Analysts said a stronger dollar, surging crude prices and firmer expectations of U.S. rate hikes have weighed on precious metals.
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