[MARKET UPDATE] Precious metals accelerate losses with spot gold now under USD 4,600/oz and spot silver under USD 90/oz; losses triggered from an unwinding of risk premia as the US looks for a more targeted approach with Iran

Precious metals accelerate losses with spot gold now under USD 4,600/oz and spot silver under USD 90/oz; losses triggered from an unwinding of risk premia as the US looks for a more targeted approach with Iran.

The unwinding of risk premia suggests a shift in market sentiment regarding geopolitical tensions, particularly with Iran. This move has led to accelerated losses in precious metals, reflecting diminished safe-haven demand as investors reassess the situation. Consequently, we might see further weakness in gold and silver prices if this trend continues and geopolitical risks are perceived to be lowering.