Gold Retests $4,130, Silver at $62.94 Amid Middle East Ceasefire
Gold retested support at $4,130 while silver held $62.94 as a ceasefire between Iran and Israel held firm, with mixed trading signals reflecting tempered safe-haven demand as geopolitical tensions eased.
Gold retested support at $4,130 while silver held $62.94 as a ceasefire between Iran and Israel held firm, reducing immediate geopolitical risk in the Middle East [1]. The mixed signals reflected tempered safe-haven demand as tensions eased, with gold testing key technical support and silver falling from recent highs.
The two metals traded with divergent momentum following the truce announcement, which removed a near-term catalyst for bullion buying tied to conflict escalation risk [1]. Gold remained above the $4,130 level that had served as a floor during recent volatility, while silver's decline to $62.94 marked a retreat from the elevated prices reached when Middle East uncertainty peaked.
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