Rabobank’s Senior Macro Strategist Bas van Geffen highlights that Brent futures near the mid-$90s per barrel, down from a recent peak of $108, still reflect only a relatively optimistic scenario for the Iran conflict.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $76.37 per troy ounce, up 2.00% from the $74.87 it cost on Monday.

TradingKey - Recently, silver prices ( XAGUSD) have been fluctuating within the $73.60-$78.00 range, impacted by shifting U.S.-Iran tensions. However, as signals emerge of further easing in the situat

Danske Research Team notes that Brent crude briefly traded above USD 97 before easing below USD 95 as Iran–US ceasefire negotiations fluctuated. They highlight reports that OPEC+ may modestly lift July output, but see limited price impact unless exports rise.

Gold is navigating a challenging environment as tight global energy markets and quickly shifting central bank expectations alter investor sentiment.

Deutsche Bank’s Jim Reid and colleagues outline a baseline scenario in which a US-Iran agreement this month reopens the Strait of Hormuz, allowing Brent Oil to retreat toward $86 per barrel in Q4 2026.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.35 during the early European trading hours on Tuesday.

MUFG’s Michael Wan notes that negotiations around the US-Iran conflict and developments in the Strait of Hormuz remain a key driver for global markets. He highlights a sharp Brent crude spike toward $97 before a partial pullback, as well as fragile ceasefire dynamics.

OCBC's strategists Sim Moh Siong and Christopher Wong turn more cautious on Gold in the near term, cutting its price forecasts as elevated Oil prices, higher yields and a more hawkish Federal Reserve (Fed) have weakened Gold’s backdrop.

Gold (XAU/USD) edges higher during the Asian session on Tuesday, though it lacks bullish conviction and currently trades just above the $4,500 psychological mark.

Gold prices rose in India on Tuesday, according to data compiled by FXStreet.

Silver (XAG/USD) attracts some buyers during the Asian session on Tuesday and currently trades around the $75.70-$75.75 zone, up over 1% for the day. The white metal, however, remains confined in a multi-day-old range, warranting some caution for aggressive bullish traders.

US President Donald Trump said that he will have an agreement with Iran to extend the ceasefire and reopen the Strait of Hormuz "over the next week,” ABC News reported on Monday.

Crude Oil spent all of May bleeding out a war premium on the assumption that a US-Iran deal was a formality, and on Monday the market got a blunt reminder that nobody actually signed anything.

Gold price retreats by more than 1% on Monday as the market mood shifts to neutral amid developments in the Middle East that threaten to end the ceasefire between the US and Iran. The XAU/USD trades at $4,490 after reaching a daily high of $4,546.

TD Securities’ Senior Commodity Strategist Ryan McKay argues that Oil fundamentals will tighten materially even if a comprehensive deal fully reopens the Strait of Hormuz.

Tradingkey - Geopolitical tensions between the US and Iran have escalated sharply as Iran announced a total blockade of the Strait of Hormuz and suspended all negotiations with the US, sending the two

Silver (XAG/USD) trades lower around $74.60 per troy ounce on Monday at the time of writing, down 0.92% on the day.

TD Securities’ Ryan McKay and Bart Melek note that Gold has lagged the broader commodity basket, especially Oil and base metals, as geopolitical tensions between the US and Iran persist without a deal.

Gold (XAU/USD) kicks off the week with a negative bias as slow progress toward a US-Iran ceasefire extension deal and fresh attacks in the Middle East keep buyers cautious. At the time of writing, XAU/USD is trading around $4,500 after hitting a two-week high near $4,595 on Friday.

Gold (XAU/USD) trades lower on Monday, reverting Friday’s gains and returning to the $4,500 atrea following rejection at the $4,590 resistance area.

Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $75.95 per troy ounce, up 0.89% from the $75.28 it cost on Friday.

Crude prices are trading higher on Monday, with the barrel of the US benchmark West Texas Intermediate (WTI) changing hands at $89.40 at the time of writing, nearly $3 higher than last week’s closing price.

Societe Generale’s Michael Haigh and Jeremy Sellem argue that the proposed U.S–Iran ceasefire framework would only gradually restore flows through the Strait of Hormuz, keeping Oil markets tight.

Silver price (XAG/USD) is up 0.5% to near $75.75 during the European trading session on Monday. The white metal trades higher amid hopes that the United States (US) and Iran will reach a permanent peace deal soon.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.45 during the early European trading hours on Monday. WTI price attracts some buyers following the Kuwaiti military reports of a missile and drone attack.

Gold prices fell in India on Monday, according to data compiled by FXStreet.

Kuwait's armed forces said that the country's air defense systems were intercepting hostile missile and drone attacks after air raid sirens sounded and emergency alerts were issued nationwide, the Guardian reported on Monday.

Gold (XAU/USD) kicks off the new week on a subdued note and remains on the back foot below a two-week top, around the $4,600 neighborhood, touched on Friday.

Gold price (XAU/USD) declines to near $4,535, snapping the two-day winning streak during the early Asian session on Monday. The precious metal loses ground amid the lack of progress in the US-Iran peace negotiations.