Gold and silver have witnessed a week of relative calm despite continued potential for conflict escalation. Elevated US yields keep gold below $2000 for the time being
While early indications suggest conversations are moving in the right direction, Israel appears to be pushing ahead, “preparing the battlefield” in Thursday evenings operation aimed at clearing mines, destroying anti-tank defences and gathering intelligence on positions held by Hamas.dipped at the start of the week but made a recovery as the week went on. US Yields remain elevated, suggesting that the dominant driver of gold is centered around its safe haven appeal.
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