Iran's military warned of powerful attack on predetermined targets in view of repeated threats by US President Donald Trump. 

Donald Trump told CNBC's Squawk Box early Tuesday that he didn't want to extend the truce, warning Iran that time was running out. By Tuesday afternoon, the message had flipped.

United States API Weekly Crude Oil Stock came in at -4.4M, below expectations (-1M) in April 17

Gold (XAU/USD) price tumbles by more than 2% on Tuesday amid a lack of confirmation of a second round of talks between the US and Iran in Pakistan. Conversely, Crude Oil prices edged higher, a tailwind for the Greenback given its positive correlation with WTI.

The countdown is on. With the US-Iran ceasefire set to expire late Wednesday, Tuesday delivered dueling statements from both sides that looked more like pre-conflict posturing than pre-deal diplomacy.

West Texas Intermediate (WTI) US Oil trades around $98.25 at the time of writing on Tuesday, up 0.21% on the day.

TD Securities' Senior Commodity Strategist Daniel Ghali frames Gold within what he calls the Hegemon trade, tied to perceptions of US power and fiscal sustainability.

ING analysts Warren Patterson and Ewa Manthey say Oil is trading on hopes of progress in US–Iran peace talks, while ongoing disruptions through the Strait of Hormuz keep supply risks elevated.

Silver (XAG/USD) trades lower on Tuesday, hovering around $78.20 at the time of writing, down 1.88% on the day.

Gold (XAU/USD) trades with a mild negative bias on Tuesday but lacks strong directional momentum, as investors hold back from aggressive positioning amid uncertainty over whether US-Iran peace talks will resume, following renewed tensions in the Strait of Hormuz over the weekend.

ING analysts Warren Patterson and Ewa Manthey report Copper has eased after recent gains but remains near two‑month highs, with macro headwinds and tighter monetary policy weighing on industrial metals demand.

The US benchmark West Texas Intermediate (WTI) Oil is trading at $85.75 per barrel at the time of writing on Tuesday, practically flat on the daily chart, after having pulled back from Monday’s highs at $88.50.

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $78.85 per troy ounce, down 1.10% from the $79.73 it cost on Monday.

TD Securities’ James Rossiter notes that Oil prices are stabilizing slightly above $90 per barrel, with Brent trading in a $90–100 range since the ceasefire began.

ING’s commodities team highlights that China’s Silver imports hit a record in March, driven by retail and solar-sector demand, far exceeding the 10‑year March average.

Silver price (XAG/USD) trades almost 1% lower at around $79.00 during the European trading session on Tuesday. The white metal faces selling pressure ahead of the confirmation hearing of United States (US) President Donald Trump’s nominee, Kevin Warsh, for the Federal Reserve’s (Fed) next chairman.

ING strategists Warren Patterson and Ewa Manthey say higher Oil and gas prices are reviving inflation concerns and acting as a near-term headwind for Gold, even as geopolitical risks support haven demand.

West Texas Intermediate (WTI) oil price declines after registering modest gains in the previous day, trading around $85.40 per barrel during the Asian hours on Tuesday.

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

US President Donald Trump said that operation Midnight Hammer was a complete and total obliteration of the nuclear dust sites in Iran, Reuters reported on Tuesday. Trump further stated that “digging it out will be a long and difficult process.”

Gold (XAU/USD) struggles to capitalize on the previous day's goodish rebound from the $4,737 area, or a one-week low, and attracts some sellers during the Asian session on Tuesday.

US President Donald Trump said he’s not likely to extend the two-week ceasefire with Iran, increasing the urgency for negotiators to reach a deal to end the war. Trump reiterated that the Strait of Hormuz would stay blockaded for now until a deal is signed.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.00 during the Asian trading hours on Tuesday. The WTI price edges higher as tensions rise between the United States (US) and Iran.

Silver (XAG/USD) extends its sideways consolidative price move for the second consecutive day and trades around mid-$79.00s during the Asian session on Tuesday. Traders seem reluctant amid uncertainty over further US-Iran peace talks before the fast-approaching ceasefire expiration on Wednesday.

Iranian Parliament speaker Mohammad Bagher Ghalibaf said that Iran will not accept negotiations with the United States (US) while under threat, the Guardian reported on Tuesday.

Gold (XAU/USD) price begins the week on a lower note as risk appetite deteriorated amid the US-Iran conflict escalating over the weekend, while steady US Treasury yields and a rally in Oil prices capped the yellow metal’s advance. At the time of writing, XAU/USD trades at $4,803, down 0.70%.

Silver (XAG/USD) trades lower on Monday, slipping to around $79.75 at the time of writing and losing 1.30% on the day.

West Texas Intermediate (WTI) US Oil trades around $87.10 per barrel on Monday, gaining 3.80% on the day at the time of writing, as geopolitical tensions in the Middle East revive concerns about global supply disruptions.

Deutsche Bank’s analysts highlight sharp Brent Oil volatility as Iran tensions and Strait of Hormuz disruptions drive price swings. They note Brent crude rebounded after a steep Friday selloff, but remains sensitive to ceasefire headlines and shipping probabilities.

HSBC strategists highlight this year’s sharp volatility, with prices swinging between about USD 4,405 and USD 5,450 per ounce before stabilising near USD 4,800.