Precious Metal Prices Under Pressure as Risk Appetite Increases
Weaker prices were recorded for gold and silver at the start of this week, though both metals had recovered somewhat from their session lows. The decline was driven in part by a drop in crude oil prices and a strong rebound in U.S. equity markets. Concerns that the Middle East conflict could fuel higher inflation have also dampened demand for the precious metals. Latest figures show that April gold futures had dropped to $5,005.30. Risk sentiment in broader markets has also begun improving, coinciding with comments from U.S. Treasury Secretary Bessent during a recent interview in Paris. During the interview, Bessent revealed that some oil tankers, including vessels from India and Iran, were continuing to move through the Strait of Hormuz. Following his remarks, stock markets rallied…
