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Gold and silver prices rise amid US-Iran ceasefire and strong central bank buying support.

Market News
16 Jun 2026
FXEmpire
View Source
Bullish
pluang ai news

Gold rebounded to $4,345 and silver to $70.60 following a US-Iran ceasefire that eased geopolitical tensions. Central bank gold purchases continue to provide strong medium- and long-term support due to inflation fears and reserve diversification. Silver benefits from persistent market deficits and growing industrial demand linked to green energy and technology sectors. Technical analysis shows bullish momentum for both metals, suggesting potential price gains ahead despite some short-term selling pressures.

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