Why gold and silver prices are surging more than 1% today after a big crash: Gold rebounds to $4,662 and s

Why gold and silver prices are surging more than 1% today after a big crash: Gold and silver prices surged over 1% today as gold hit $4,662 and silver crossed $72 after a sharp monthly crash. The rebound is driven by technical buying near key EMA support levels and a weaker U.S. dollar. However, rising Treasury yields, inflation fears from the Iran conflict, and hawkish central bank signals continue to pressure precious metals. Gold is holding near the 20 EMA at 4,650, while silver defends 71 support. A weekly close below these levels could signal further downside despite todays bounce.