Gold Is Also Facing Near-Term Headwinds and Significant Oil Shock Could Prolong The Malaise.
Silver Surged Over 6% To Above $78, While Gold Rose Approximately 3% To Trade Near $4,700.
Gold Stabilized Near $4,500 After A Near 2% Decline, Weighed Down By Escalating Middle East Tensions That Have Pushed Energy Prices Sharply Higher
Elevated Oil Sustains Inflation, Fed on Hold, Real Yields Rise, Weighing on Gold Despite Risks
Geopolitical Optimism and Macro Shifts Drive Bullish Momentum