Saxo Bank says precious metals are once again becoming a safe haven choice for investors.

Saxo Bank stated that precious metals are once again becoming a safe haven bet for investors. At the onset of the Iran war, precious metals speculators exited the market in droves, but after several weeks of declines, gold and silver prices have gradually achieved a steady rebound. Ole Hansen from Saxo Bank said in a report, "The macro environment has changed." He further added, "A weaker US dollar, easing inflation concerns, and increasing attention to the risks of slowing growth have contributed to new demand for gold and silver." Currently, the price of gold is down 0.4%, while silver is up 0.1%.