Crude Oil is doing what it has done all month: discounting a peace deal that the people who actually have to sign it have not agreed to.

Gold (XAU/USD) stages a comeback, surging over 1.20% on Thursday after rebounding from two-month lows near $4,366, as market sentiment improves on speculation of a peace deal between the US and Iran. At the time of writing, XAU/USD trades at $4,500.

West Texas Intermediate (WTI) crude Oil sees sharp two-way price swings on Thursday as traders track rapidly changing US-Iran developments. At the time of writing, WTI is trading little changed around $88 per barrel after hitting an intraday high of $91.27.

United States EIA Crude Oil Stocks Change above forecasts (-5M) in May 22: Actual (-3.327M)

BNY’s Bob Savage reports that renewed Iran–US tensions and evidence of tight US inventories are supporting Oil, with satellite data showing most Strait of Hormuz export facilities closed.

Gold (XAU/USD) falls to a fresh two-month low on Thursday as renewed attacks in the Middle East keep traders doubtful about a quick end to the US-Iran war. At the time of writing, XAU/USD is trading at $4,386 after hitting an intraday low of $4,366.

Deutsche Bank’s Jim Reid and team note that Brent Oil has rebounded strongly after fresh US defensive strikes and new sanctions on Iran, which reversed yesterday’s sharp decline to a one‑month low.

Gold price (XAU/USD) trades 1.43% lower to near $4,390 during the European trading session on Thursday, close to its fresh two-month low of $4.366.56 posted earlier in the day. The precious metal faces intense selling pressure as renewed Middle East crisis have prompted oil prices.

Crude prices are ticking up on Thursday, as Iran and the US exchange attacks, but upside attempts remain limited so far.

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $73.40 per troy ounce, down 1.53% from the $74.55 it cost on Wednesday.

TradingKey - Current silver ( XAGUSD) prices are hovering below $74 per ounce, as the market lacks upside momentum.Bank of America ( BAC) commodities team provided a 'rise-then-fall' assessment in its

TradingKey - During the Asian session on May 28, gold prices ( XAUUSD) extended their downward trend, breaking below the $4,400 level intraday and hitting a session low of $4,366.29. After falling nea

Silver price (XAG/USD) recovers to near $73.50 during the European trading session on Thursday from its fresh four-week low of $71.79 posted earlier in the day. The recovery move in the Silver price appears to be short-lived, as it lacks fundamental backing.

Rabobank’s Global Strategist Michael Every notes that Oil prices remain below $100 even as geopolitical risks escalate in the Middle East. Every highlights US-Iran tensions, threats over the Strait of Hormuz, and ongoing military actions.

MUFG’s Lloyd Chan reports that Brent has fallen below earlier May lows, with prices dropping to around $94 per barrel. He attributes the move to growing optimism over a potential US‑Iran deal, though he stresses that uncertainty over an imminent breakthrough remains.

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

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains some positive traction during the Asian session on Thursday and recovers a major part of the previous day's losses to its lowest level since April 21.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.35 during the early Asian trading hours on Thursday. WTI price recovers some lost ground amid renewed tensions between the US and Iran.

The US military carried out ‌new strikes in Iran targeting a military site that posed a threat to US forces and commercial traffic in the Strait of Hormuz, Reuters ‌reported on Wednesday.

US President Donald Trump said that he won’t be rushed into a deal, warning that Iran’s efforts to outlast him won’t work because he doesn’t “care about the midterms,” CNN reported on Wednesday.

United States API Weekly Crude Oil Stock climbed from previous -9.1M to -2.8M in May 22

Iran's state broadcaster said Wednesday that Tehran had received an initial draft of a 14-point Memorandum of Understanding (MOU) framework with the United States, one that would reopen the Strait of Hormuz, lift the US naval blockade on Iranian ports, and pull US forces back from Iranian territory.

Gold (XAU/USD) plungesmore than 1% on Wednesday as the Greenback recovers some ground, pairing some of its earlier losses, while risk appetite shifted to neutral amid speculation that US-Iran negotiations could stall. At the time of writing, XAU/USD trades at $4,443, its lowest level since March 30.

Commerzbank’s commodity team, led by Barbara Lambrecht and colleagues, argues that Brent has fallen back below USD 100 as markets price in a potential Iran deal, but a rapid normalization of Gulf exports is unlikely.

Gold (XAU/USD) struggles to attract buying interest on Wednesday, even as the US Dollar (USD) and Oil prices trade on the back foot, with markets remaining cautiously optimistic that the United States (US) and Iran could eventually reach a deal to end the war in the Middle East.

Silver price (XAG/USD) is down almost 3.5% to near $74.10 during the European trading session on Wednesday.

Gold price (XAU/USD) is down 0.7% to near $4,475 during the European trading session on Wednesday. The precious metal faces selling pressure even as oil prices have tumbled.

Deutsche Bank analysts note Brent Oil retraced about half of Monday’s sharp fall as optimism over a potential US-Iran deal faded slightly, before slipping again in early trading.

Fort Knox, Kentucky, sits tucked away among a stretch of rolling hills. Drive past on the ordinary American country road and you might miss it entirely. But the fortress-like structure at the roadside

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $75.46 per troy ounce, down 1.96% from the $76.97 it cost on Tuesday.