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Gold and silver prices slide amid US-Iran war, but this metal is surging. Do you own it?

US-Iran war: Benchmark three-month aluminium on the London Metal Exchange touched $3,544 per metric ton earlier in the session — its highest level since March 31, 2022.

Mar 09, 2026 &03340909202631; 08:34 UTC www.livemint.com Trending 5/5

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Positive for markets

Sentiment score: +65/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Aluminum prices surge to 2-year highs amid US-Iran geopolitical tensions, while gold and silver decline despite typical safe-haven demand during conflicts. The three-month LME aluminum contract reached $3,544/ton, reflecting supply concerns and industrial demand resilience.

AI CONFIDENCE

78% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Gold Futures

GC=FCommodity

Expected to decline

Gold prices declining despite geopolitical tensions, suggesting risk-on sentiment and aluminum outperformance

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ALU

ALUCommodity

Expected to rise

Aluminum surging to 2-year highs due to supply chain concerns from US-Iran tensions and strong industrial demand

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Oil (WTI Crude)

CL=FCommodity

High volatility expected

Oil prices likely volatile amid geopolitical uncertainty, though aluminum's strength suggests industrial optimism

PRICE HISTORY

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⚡ SUGGESTED ACTION

Consider overweighting aluminum and industrial metals exposure while reducing precious metals positions. The divergence between aluminum strength and gold weakness suggests market confidence in economic resilience despite geopolitical risks—favor cyclical commodities over defensive ones.

KEY SIGNALS

Aluminum at 2-year highs ($3,544/ton)Safe-haven assets underperforming (gold/silver declining)Geopolitical risk premium favoring industrial metals over precious metalsSupply chain concerns driving aluminum demand

SECTORS INVOLVED

MaterialsIndustrialsCommodities

Analysis generated on Mar 09, 2026 at 14:25 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Gold and silver prices slide amid US-Iran war, but this metal is surging. Do you own it?

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