Gold and silver rise as dollar weakens and oil dips
NewsBytes | May 6, 2026 12:39 PM CST
Oil falls on U.S.-Iran hopes
Oil prices dropped on hopes of better U.S.-Iran relations, which pushed more investors toward safe-haven assets like gold and silver amid ongoing global uncertainties.
Analyst Jateen Trivedi pointed out that people are buying gold at lower prices but staying cautious ahead of key US jobs data, which could shake up interest rates and short-term trends for these metals.
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