Geopolitical tensions almost always make metals go up.
One of my papers for economics outlined causes of metals fluctuation, and what was essentially arbitrage using the coin market which in the mid 80's lagged spot prices both up and down, giving a short window where you "knew" the future price.
The prof didn't understand it, figured it was too short for an A but involved enough that it couldn't be a C so gave me a B.
The internet giving access to more up to date prices and enabling near instant purchases and sales has ended that.