According to analysis reported by the financial website Investinglive, typically, an easing of geopolitical tensions is unfavorable for precious metals like gold and silver. However, this time the situation is quite the opposite. Before the outbreak of the US-Iran conflict, gold and silver positions were heavily reliant on leveraged trading. The negative impact of the conflict triggered leveraged selling, causing declines in precious metals like gold and silver. After the US-Iran ceasefire, improved market sentiment drove a rebound in gold and silver. Additionally, the US-Iran ceasefire also suggests that major central banks may not need to raise interest rates as aggressively. This is another reason for the rebound in precious metals. (Jin10)