Gold and Silver Rebound After Five-Day Losing Streak Following Trump's Cancellation of Iran Strikes
By
Conor Murray
Summary
Gold and silver prices rebounded Friday morning after five consecutive days of decline, with silver up nearly 5% to around $67 and gold up nearly 3% to $4,223.70. Analysts at Saxo Bank attributed the rally to President Donald Trump cancelling planned strikes on Iran, which shifted market sentiment. The precious metals had been on their longest losing streak since late March before this reversal.
Source
bskyGold and Silver Rebound After Five-Day Losing Streak Following Trump's Cancellation of Iran Strikesforbes.comKey quotes
· 3 pulledGold and silver declined for five straight sessions as of Thursday, the Wall Street Journal reported
Analysts at Saxo Bank attributed the metals rally to President Donald Trump cancelling planned strikes on Iran
silver hit an intraday high above $68 earlier in the morning
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