Shengbao Bank: Precious Metals Make a Comeback as Safe Haven Bet.

The outbreak of the Iran war seems to have driven precious metal speculators out of the market, but after a slight decline in the past few weeks, gold and silver have been steadily rebounding. Ole Hansen from Saxo Bank said in a report: "The macro environment has changed." He also mentioned: "A weaker dollar, easing inflation concerns, and increasing focus on risks of slowing growth have all contributed to new demand for gold and silver." Currently, gold is down 0.4% while silver is up 0.1%.