Gold and silver markets are experiencing significant volatility due to geopolitical tensions involving Iran and uncertainty in the Hormuz Strait. While gold hit a high of $4,750 per ounce earlier this week, it has recently dropped to around $4,556. JPMorgan predicts gold could reach $5,000 by late 2026. Meanwhile, silver prices saw a sharp 7.5% single-day drop. The market is currently under pressure from rising US inflation (CPI at 3.8%) and expectations that the Federal Reserve may hike interest rates, alongside a strengthening US dollar.
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