Precious metals are on the rise across the board! Gold prices may see their best gains since January this week, while silver's "cup and handle breakout" ignites greater imaginative potential.

Zhituo Finance APP reported that on Friday (August 7), international gold prices rose by more than 1%, and are expected to record the largest weekly increase since January this year. The driving factors are the cooling expectations for interest rate hikes by the Federal Reserve, along with alleviated inflation concerns related to the U.S.-Iran peace agreement, while investors are also awaiting the release of the U.S. non-farm payroll data for July. Meanwhile, analysts indicated that the technical "cup and handle breakout" in silver could also ignite bullish market sentiment.