Commerzbank analysts highlight that stronger heatwaves in Europe and Asia are likely to lift electricity demand and gas-fired power use, complicating European storage refilling.

Gold (XAU/USD) trades on the back foot on Monday, pressured by a stronger US Dollar (USD) and rising expectations that the Federal Reserve (Fed) could raise interest rates later this year.

Rabobank’s energy strategists Joe DeLaura and Florence Schmit cuts Brent and WTI (West Texas Intermediate) forecasts after the Versailles MoU (Memorandum of Understanding) and gradual reopening of the Strait of Hormuz.

Commerzbank’s Carsten Fritsch uses Alan Greenspan’s death to revisit his long-standing support for Gold as a premier currency.

Gold (XAU/USD) reversed Monday’s gains and resumed the broader bearish trend on Tuesday, testing support at the $4,100 level after failing to extend gains beyond $4,220 on Monday.

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $62.18 per troy ounce, down 4.47% from the $65.09 it cost on Monday.

Gold has fallen for a third consecutive week, dropping to its lowest level since mid-June as a stronger US Dollar and hawkish Federal Reserve expectations erode the metal's appeal.

Societe Generale analysts Michael Haigh and Jeremy Sellem say a tentative United States (US)–Iran truce has eased immediate oil supply fears, driving a sharp fall in Brent and WTI as markets price a restart of Hormuz flows.

OCBC’s Christopher Wong sees Silver showing tentative stabilisation after heavy trading and persistent ETF outflows, with year‑to‑date ETF holdings down 9.2%.

ING’s Warren Patterson and Ewa Manthey report that Copper prices edged higher on progress in US-Iran talks, which eased transit and inflation concerns. They note that falling SHFE and LME inventories underpin fundamentals, while Chinese refined Copper output rose in May on better smelter margins.

Commerzbank reports that diplomatic progress in US-Iran talks has pressured Oil, with Brent falling to USD 77.90 and WTI also lower. A 60‑day US license allows Iran to sell crude internationally, and more than 30 million barrels have already departed for Asia.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.75 during the early European trading hours on Tuesday. The WTI price falls to the lowest level since early March as traders continue to watch US-Iran moves.

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

Gold (XAU/USD) meets with a fresh supply during the Asian session on Tuesday and slides back below the $4,150 level, reversing a major part of the previous day's move higher amid a bullish US Dollar (USD).

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – stalls the previous day's decline and consolidates around the $74.00/barrel mark during the Asian session on Tuesday.

Gold price (XAU/USD) trades on a flat note near $4,190 during the early Asian session on Tuesday. The precious metal steadies as traders continue to assess the developments surrounding the US-Iran peace deal.

Gold (XAU/USD) price posts modest gains of 0.50% on Monday as talks between the US and Iran began on a positive note, driving Oil prices lower and reducing inflation expectations. At the time of writing, the XAU/USD pair trades at $4,179, after bouncing off daily lows of $4,136.

Silver (XAG/USD) trades around $65.90 at the time of writing on Monday, up 1.69% on the day and snapping a three-day losing streak. The white metal is attracting renewed investor interest as markets assess the implications of diplomatic progress between the United States (US) and Iran.

West Texas Intermediate (WTI) US Oil declines sharply on Monday and trades around $74.50 at the time of writing, down 2.54% on the day.

BNY’s Geoff Yu notes that progress in U.S.–Iran talks and a ceasefire framework for Lebanon have helped Oil markets price a more durable de-escalation, supporting a broader risk-positive environment.

Gold (XAU/USD) edges higher on Monday as traders react to signs of progress in US-Iran negotiations following the first round of direct talks held earlier in the day in Switzerland, with Pakistan and Qatar acting as mediators.

United States (US) Vice President (VP) JD Vance said during the European trading session on Monday that mechanisms have set up to keep the Strait of Hormuz, a vital passage to almost 20% of global energy supply, open, and stop hostilities in Lebanon.

Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $66.33 per troy ounce, up 2.30% from the $64.84 it cost on Friday.

ING strategists Warren Patterson and Ewa Manthey say Gold fell for a third straight session and week, losing over 2% as investors reassessed US-Iran negotiations and US monetary policy.

Silver price (XAG/USD) advances after three days of losses, hovering around $66.00 per troy ounce during the European hours on Monday. However, Silver price gains ground as oil prices and inflation concerns ease following a positive development regarding the United States (US)-Iran peace deal.

Crude Oil reversed previous gains and resumed its decline on Monday as news reports indicated progress in US-Iran talks. The US benchmark West Texas Intermediate (WTI) barrel has dropped about $2.5 from session highs and is wavering around $75.00 at the time of writing,

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

West Texas Intermediate (WTI), futures on NYMEX, trades 1.2% lower near $75.50 during the Asian trading session on Monday.

Gold (XAU/USD) attracts some buyers at the start of a new week and, for now, seems to have snapped a three-day losing streak to a more than one-week low, touched last Friday.

Silver price (XAG/USD) halts its three-day losing streak, trading around $65.90 per troy ounce during the Asian hours on Monday.