In the midst of escalating U.S.-Iran tensions and an explosive January payrolls data, precious metals, notably gold and silver, experienced a considerable rise in prices. Analysts attribute this surge to the classic flight to safety, where investors turn to gold and silver in times of increased geopolitical uncertainty. While the tensions between U.S. and Iran are not a new phenomenon, the recent flare-ups are causing jitters in the global markets. However, it’s not just the geopolitical troubles that are driving up precious metals prices. The recent blowout January payrolls data also bolstered the bullish sentiment for gold and silver. As the economic outlook continues to be weighed by these developments, it could further drive the trajectory of gold and silver prices in the weeks to come. Read More
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