TradingKey - According to the latest reports, the second round of U.S.-Iran negotiations remains inconclusive. The U.S. plans to dispatch negotiators to Pakistan this Saturday (April 25), but Iran has

Gold (XAU/USD) price recovers some ground on Friday, extending its gains above $4,700 as market sentiment remains upbeat amid headlines from Iran and the US pointing to a resumption of second-round talks aimed at ending the conflict. At the time of writing XAU/USD trades at $4,726, up 0.47%.

United States Baker Hughes US Oil Rig Count down to 407 from previous 410

West Texas Intermediate (WTI) US Oil trades around $92.55 at the time of writing on Friday, down 3.28% on the day, marking a notable pullback after reaching recent highs earlier in the week.

Silver (XAG/USD) trades flat on Friday, lacking clear direction as upside remains capped by Oil-driven inflation linked to ongoing US-Iran tensions, which have raised expectations of a prolonged higher interest rate environment.

MUFG’s Derek Halpenny links the prolonged Strait of Hormuz closure to rising Oil and input costs, with agricultural and fuel prices already surging. Halpenny assumes crude Oil averages USD 115 in Q2, lifting US inflation toward 3.8% later this year.

Gold (XAU/USD) steadies on Friday, erasing earlier losses but remains on track to close the week in negative territory, as macro headwinds linked to ongoing Middle East tensions keep buyers on the sidelines.

TradingKey - Tensions between the U.S. and Iran have remained deadlocked this week, driving continued volatility in oil prices. Brent crude futures are currently trading near $107, up more than 2% for

BNY’s Bob Savage reports that Oil remains a key market barometer as the Iran war disrupts supply, with Brent up sharply and the International Energy Agency warning that the global natural gas market will stay tight for at least two more years.

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $74.82 per troy ounce, down 0.82% from the $75.44 it cost on Thursday.

Rabobank’s Senior Macro Strategist Bas van Geffen notes that Oil prices have risen, with Brent futures around $106, as Middle East tensions and disruptions in the Strait of Hormuz intensify.

Deutsche Bank strategists highlight that Brent Oil continues to climb as US-Iran tensions persist and the Strait of Hormuz remains effectively closed. Brent futures across the curve have pushed to multi‑week highs, with US gasoline and inflation swaps also rising.

Crude prices are consolidating gains on Friday, following a three-day rally, as investors pare back hopes of an imminent peace deal between the US and Iran.

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

Gold (XAU/USD) remains depressed below the $4,700 mark during the Asian session on Friday, near a two-week trough set on the previous day, and seems poised to register weekly losses for the first time in the five weeks.

Silver price (XAG/USD) trades with caution near its 10-day low around $75 during the Asian trading session on Friday. The white metal has been under pressure as oil prices reflect strength due to the prolonged closure of the Strait of Hormuz, a critical passage to almost 20% of global energy supply.

West Texas Intermediate (WTI) oil price gains ground after opening at levels below the previous close, trading around 95.60 during the Asian hours on Friday. Crude oil prices gain on rising supply concerns amid stalled US-Iran peace negotiations and the continued closure of the Strait of Hormuz.

US military officials are developing new plans to target Iran’s capabilities in the Strait of Hormuz in the event the current ceasefire with Iran fails, CNN reported on Thursday.

US President Donald Trump said Israel and Lebanon will extend their ceasefire by three weeks, Bloomberg reported on Thursday. This move could creates space for Israel and Lebanon to work on a long-term deal and removes a roadblock to ending the US war with Iran.

Gold (XAU/USD) price eases on Thursday as tensions between the US and Iran remain high, while Israel and Lebanon prepare for talks, with both ambassadors in the US set to meet at the White House with President Donald Trump in attendance.

West Texas Intermediate (WTI) Crude Oil trades higher on Thursday, extending gains for a fourth straight day as escalating tensions in the Strait of Hormuz continue to fuel concerns about global supply disruptions, keeping a geopolitical risk premium embedded in prices.

Gold (XAU/USD) trims earlier intraday losses on Thursday, but upside remains limited as a firmer US Dollar (USD) and elevated Oil prices weigh on the precious metal, while uncertainty over stalled US-Iran talks keeps market sentiment cautious.

ING strategists Warren Patterson and Ewa Manthey describe a cautious backdrop for base metals, with Copper and Aluminium edging higher after reduced near-term geopolitical risk but ongoing Strait of Hormuz closure.

BNY’s Bob Savage reports that the International Energy Agency warns of the biggest energy security threat in history as the Iran conflict and Strait of Hormuz closure remove significant Oil supply. Savage details tanker interceptions, rising crack spreads and stronger Brent options activity.

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $74.54 per troy ounce, down 4.06% from the $77.70 it cost on Wednesday.

Gold (XAU/USD) remains under pressure on Thursday but holds near $4,700 at the time of writing, showing some resilience despite an unfavorable backdrop.

West Texas Intermediate (WTI), futures on NYMEX, trades 2% higher to near $93.70 during the European trading session on Thursday.

Rabobank’s Global Strategist Michael Every warns that conflict around Iran and disruptions in the Strait of Hormuz could significantly extend the energy normalization timeline.

ING analysts Warren Patterson and Ewa Manthey report that Gold and Silver have rebounded after recent losses, supported by a weaker Dollar and easing geopolitical tensions.

TradingKey - As of the close on Wednesday, April 22 (ET), Brent crude oil futures settled at $101.91 per barrel, up 3.48%. WTI crude oil prices closed at $92.96 per barrel, up 3.67%, marking the fourt