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Analyst: Precious metals have lost some of their geopolitical premium, but still see a chance for gold prices to reach $5,000
Svmuu News: Marex analyst Edward Meir said, “After several weeks of sharp gains, commodities have pulled back across the board, with some profit-taking taking place. The easing of tensions in the Middle East has also caused gold and other metals, particularly silver, to lose some of their geopolitical premium.”With protests in Iran subsiding, U.S. PresidentDonald Trumpadopting a wait-and-see approach, and Russian President Putin stepping in to mediate, geopolitical tensions appear to have eased somewhat. Meir said: “I still believe gold has a chance to reach $5,000 at some point this year, but there will be significant pullbacks along the way.”"(Jin Shi)
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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