US-Iran Truce. Gold Prices Return to $4,800, Is Now Still the Time to Buy?
TradingKey - On the evening of April 7, Eastern Time, Trump announced his agreement to a two-week ceasefire, leading to a recovery in precious metals. Spot gold (XAUUSD) broke above $4,800, while spot silver rose nearly 5%. Simultaneously, international oil prices plummeted, with Brent crude futures seeing a maximum decline of nearly 18% and WTI crude futures falling over 19%.