Commodities
Silver Prices Soar Past $60 on Renewed Market Optimism
Silver prices have surged past $60, reaching a fresh one-month high of $62.00 as market optimism grows.
The US dollar was weighed down by tepid United States data and hopes for a quick solution to the Middle East conflict boosted the mood.
Investors welcomed news hinting at a soon-to-come deal between the United States and Iran, which pushed silver prices above $63 on Wednesday.
The US Treasury's decision to lift counter-terrorism sanctions imposed on three airlines and two aircraft linked to the Islamic Revolutionary Guard Corps was seen as a positive sign by market players.