Gold, Silver Rates Today LIVE: Gold prices at two-week high as dollar slips on US-Iran war de-escalation hopes

AI Analysis

Geopolitical tensions often drive gold prices as a safe haven. De-escalation can weaken the dollar and boost gold.

Long gold/silver, short USDINR if the trend continues.

Quick check: NIFTY neutral, BANKNIFTY neutral.

•Gold prices traded higher to their highest in nearly two weeks.
•Weaker dollar due to US President Donald Trump's comments on US-Iran war de-escalation.
•Trump stated the war could wind down within two to three weeks.
•Risk flag: Sudden re-escalation of geopolitical tensions
•Risk flag: Unexpected strengthening of the US dollar

US President

commented on US-Iran war de-escalation

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