Gold and Silver Rally as Oil Dips on Iran Deal Hopes
TL;DR Summary
Gold and silver rose as weaker oil, softer Treasury yields, and a softer dollar supported metals ahead of Friday’s payrolls data, with crude retreating on hopes for a U.S.–Iran deal. Spot gold hovered around $4,477/oz and silver near $73.96, as equities showed mixed rotations and traders priced in possible rate-cut signals; technicals point to gold resistance around $4,530–$4,550 and silver gains toward the $76–$78 area.
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