Silver (XAG/USD) rallies to a fresh weekly high during the Asian session on Wednesday, with bulls now looking to build on the momentum beyond the $77.00 mark amid a broad-based US Dollar (USD) selloff.

Iran’s Foreign Minister, Abbas Araghchi, said on Tuesday that safe passage of Hormuz will be possible for two weeks. This statement came after US President Donald Trump agreed to a two-week ceasefire with Iran. 

WTI Crude Oil plunged from above $106 to below $90 per barrel on Tuesday after President Trump announced a two-week suspension of military operations against Iran, though markets had already been selling Oil throughout the session as traders bet he would blink on his own 00:00 GMT Wednesday deadline

Gold price (XAU/USD) rises to near $4,775 during the early Asian session on Wednesday. The precious metal attracts some buyers after US President Donald Trump agrees to suspend Iran bombing for two weeks.

United States API Weekly Crude Oil Stock fell from previous 10.263M to 3.719M in April 3

Gold price (XAU/USD) advances some 0.63% on Tuesday as Oil prices retreat from daily highs amid speculation of broken talks between the US and Iran, which Iranian media denied.

ING’s Maurice van Sante argues that higher Oil and Gas prices, driven by conflict in the Middle East, are set to raise costs in the European building materials sector.

West Texas Intermediate (WTI) Crude Oil trades in a volatile and choppy range on Tuesday as traders remain cautious ahead of a deadline set by US President Donald Trump for Iran to reach a deal.

MUFG’s Head of Research Derek Halpenny argues that rising Oil and gasoline prices from the Middle East conflict are set to push US inflation higher, with March CPI expected to jump. He highlights a sharp rise in ISM Services prices paid and weakening employment indices.

DBS Group Research’s Eugene Leow notes that Gold has stayed relatively stable despite conflicting geopolitical news, including a potential ceasefire and renewed threats around the Strait of Hormuz.

TD Securities’ commodity team argues that prolonged disruption in the Persian Gulf and blocked flows through the Strait of Hormuz leave Oil poised for another sharp leg higher.

Henry Allen at Deutsche Bank says Brent crude Oil above $100 has not triggered a 1970s‑style shock because markets still discount a short conflict and lower prices ahead.

TD Securities commodity strategists see Gold and Silver facing further correction as the Middle East war sustains inflation expectations and delays Fed easing. Elevated opportunity costs and reduced regional capital are near-term headwinds.

Gold (XAU/USD) is trading in a choppy range on Tuesday with markets on edge as the ultimatum from US President Donald Trump to reach a deal with Iran nears its deadline.

ING analysts Ewa Manthey and Warren Patterson report that Aluminium supply risks have intensified after Iranian attacks on Emirates Global Aluminium’s Al Taweelah smelter and Aluminium Bahrain’s plant.

Commerzbank analysts highlight that Brent has climbed above $111 per barrel as the Iran conflict continues and Trump links any ceasefire deal to free Oil traffic through the Strait of Hormus.

Gold price (XAU/USD) trades higher to near $4,675.00, but is broadly sideways, during the European trading session on Tuesday.

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $72.88 per troy ounce, up 0.12% from the $72.79 it cost on Monday.

ING analysts Ewa Manthey and Warren Patterson highlight that central banks have resumed strong Gold buying, with February net purchases led by Poland and continued accumulation by China, Czech Republic and others.

The US benchmark West Texas Intermediate Oil (WTI) hesitates near four-week highs on Tuesday. Price action remains steady above the 103.00 per barrel, but attempts to extend gains beyond 105.00 have been capped with US President Donald Trump’s deadline on Tehran approaching.

Societe Generale’s Commodity Compass Analytics (CCA) team, led by Michael Haigh, Ben Hoff and Jeremy Sellem, highlights that Dated Brent at $141/bbl reflects severe physical tightness as Strait of Hormuz flows remain impaired.

Rabobank’s Senior Market Strategist Benjamin Picton highlights escalating geopolitical risks around Iran, the Strait of Hormuz and NATO fractures, with direct implications for Oil.

MUFG’s Senior Currency Analyst Michael Wan notes that Oil markets remain exposed to the Iran and Middle East conflict, with the Strait of Hormuz still constrained.

Silver price (XAG/USD) trades broadly flat around $72.50 during the early European trading session on Tuesday. The white metal struggles for a direction as investors await Iran’s final decision over the reopening of the Strait of Hormuz.

Danske Bank analysts stress that tensions in the Middle East and disruptions around the Strait of Hormuz are keeping Oil markets on edge. Brent has risen to 111 USD/bbl as traders assess risks to global energy supply.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – catches fresh bids during the Asian session on Tuesday and climbs back closer to a nearly four-week high set the previous day.

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

Gold (XAU/USD) remains on the back foot during the Asian session on Tuesday, though it lacks follow-through selling and trades in the previous day's broader range.

Silver (XAG/USD) extends its sideways consolidative price move for the second straight day and holds steady around the $73.00 mark during the Asian session on Tuesday.

US President Donald Trump said that the latest proposal for a US ceasefire with Iran is “not good enough,” ahead of his deadline for Iran to either reopen the Strait of Hormuz or face major attacks on its civilian infrastructure, CNBC reported on Monday.