Tehran says that any country allowing the United States to use its territory for attacks against Iran could face retaliation. Iran has already announced strikes on U.S. military targets in several countries across the region.
If the conflict continues to escalate, it could be a long-term positive for both gold and silver. Greater geopolitical uncertainty, higher energy prices, and growing concerns about the global economy typically increase investor demand for precious metals as safe-haven assets.
In the short term, prices may remain highly volatile. Over the long term, however, developments like these tend to strengthen the investment case for gold and silver.
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