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The Economic Times
The Economic Times
Business
Surbhi Khanna

Silver and gold ETFs rally up to 8% as US-Iran peace deal boosts sentiment. Should you invest now?

Gold United States silver ETF Iran Jigar Trivedi

Silver and gold ETFs rallied up to 8% on Monday after precious metal prices extended gains for a third consecutive session, opening sharply higher on the Multi Commodity Exchange (MCX) after US and Iranian officials announced a preliminary agreement aimed at ending their conflict.

According to Pakistani Prime Minister Shehbaz Sharif, the proposed US-Iran agreement, which envisages the removal of the US blockade on Iran and the reopening of the Strait of Hormuz, is scheduled to be formally signed in Switzerland on Friday.

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