Why is silver price up by 5.7% and gold price by 2%, and will precious metals reach dream levels or fall again? Gold reached a near three-week high after a US-Iran ceasefire deal. Silver surged 5.7%. Oil fell below $100 and the dollar dropped to a monthly low. Rate cut expectations increased sharply. Analysts expect gold could target $5,900 by year-end, while investors now assess risks, inflation outlook, and interest rate direction.
