Precious metals markets are currently experiencing a state of cautious anticipation, particularly silver, due to the ongoing geopolitical developments. However, a closer reading of market movements shows that this pullback may simply represent a temporary correction within a long-term bullish trend, said an expert.
Global oil prices surged on Monday as escalating hostilities in the Middle East rattled energy markets, raising fears of a prolonged supply disruption from one of the world’s most critical oil-producing regions.
Oil prices rebounded on Tuesday, recovering part of the previous session’s losses as renewed supply concerns around the Strait of Hormuz lifted sentiment in global energy markets.
