Gold has plunged more than 3% since the start of the week (the biggest daily drop in nearly two years), while silver has suffered a sharp 5.5% correction. There are two main reasons for this sudden turnaround. Firstly, easing geopolitical tensions in the Middle East is dampening demand for safe-haven assets such as gold.On the one hand, this change comes as Israel is backtracking on its plans to strike a heavy blow at Iran under pressure from the United States and other allies.The missile strike Tel Aviv launched against an Iranian facility on April 19 must have been much more forceful. Still, Israel chose to soften it to avoid escalating the conflict.On the other hand, according to internal
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