Gold (XAU/USD) price rallies on Friday ahead of the weekend, breaking past the $4,850 level and rising more than 1.50%, as the US-Iran conflict seems to be de-escalating after Iran reopened the Strait of Hormuz, easing inflationary pressures worldwide.

United States Baker Hughes US Oil Rig Count dipped from previous 411 to 410

Silver (XAG/USD) surges on Friday, trading around $82.60 at the time of writing, up 5.40% on the day as the US Dollar (USD) weakens and markets reassess the outlook for United States (US) monetary policy.

West Texas Intermediate (WTI) US Oil price collapses on Friday, trading near $81.50 at the time of writing after losing 9.12% during the day. The move marks a sharp acceleration lower after the Crude briefly surged above $90 earlier in the day before sellers took control.

Gold (XAU/USD) holds steady on Friday as expectations grow around a potential US-Iran peace agreement. At the time of writing, XAU/USD is trading around $4,807, up nearly 0.35% on the day, and remains on track for a fourth consecutive weekly gain.

Gold’s (XAU/USD) remains practically flat, at $4,790 at the time of writing on Friday, lacking a clear bias after pulling back from one-month highs, at $4,871 earlier this week.

Silver (XAG/USD) rebounds on Friday, trading around $79.40 at the time of writing and gaining 1.25% on the day. The Silver price remains close to the $79 mark as investors monitor geopolitical developments and monetary policy expectations in the United States (US).

Deutsche Bank analysts note Brent Oil nearly touched $100/bbl on Thursday before retreating on Friday, as traders reacted to shifting headlines around US–Iran negotiations and regional ceasefires.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $79.72 per troy ounce, up 1.74% from the $78.36 it cost on Thursday.

Silver price (XAG/USD) trades calmly near $78.70 during the European trading session on Friday. The white metal is broadly sideways as investors await the announcement of a timeline for another round of talks between the United States (US) and Iran.

Rabobank strategist Molly Schwartz highlights that European Union (EU) and Gulf Cooperation Council (GCC) officials see a potential US–Iran deal taking up to six months, which pushed Crude Oil futures back to around $98/bbl.

West Texas Intermediate (WTI) Oil price pares its recent gains from the previous day, trading around $89.60 per barrel during the Asian hours on Friday.

The International Energy Agency (IEA) Chief Fatih Birol said on Friday that if the Strait of Hormuz is not reopened, we must prepare for significantly higher energy prices. Birol added that release of more emergency oil reserves is under consideration

Gold prices remained broadly unchanged in India on Friday, according to data compiled by FXStreet.

Gold (XAU/USD) reverses modest Asian session losses to the $4,768-$4,767 region, or a three-day trough, though it lacks follow-through and remains below the $4,800 mark amid mixed cues.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.00 during the Asian trading hours on Friday. The WTI price edges higher after reports that Lebanon's army accuses Israel of violating the ceasefire. 

Silver (XAG/USD) is seen consolidating around the 50% Fibonacci retracement level of the March downfall and trading just below the $79.00 mark during the Asian session on Friday, up 0.50% for the day.

The Lebanese army said that it recorded multiple ceasefire violations by Israel after the truce went into effect, CNN reported on Friday.

Gold price (XAU/USD) posts modest gains near $4,795 during the early Asian session on Friday. Traders weigh signs of easing geopolitical tensions against persistent inflationary pressures. The next meeting between the United States (US) and Iran may take place over the weekend. 

Gold (XAU/USD) price edges lower on Thursday during the American session as geopolitical tensions are tempered amid negotiations to resume US-Iran talks and a likely ceasefire between Israel and Lebanon, brokered by US President Donald Trump.

West Texas Intermediate (WTI) US Oil rebounds on Thursday, gaining 2.50% to trade near $90.45 at the time of writing, after three consecutive days of decline.

Silver (XAG/USD) trades slightly lower on Thursday, hovering around $78.60 at the time of writing, down 0.49% on the day.

ING’s Warren Patterson and Ewa Manthey note that Oil prices are drifting lower as markets price in a possible extension of the US–Iran ceasefire and renewed peace talks, even as physical supply tightens due to disrupted flows through the Strait of Hormuz.

Gold (XAU/USD) trades with a mild upward bias on Thursday, though it remains confined within a multi-week range as traders refrain from placing strong directional bets while awaiting clearer signals on US-Iran peace talks.

Gold’s (XAU/USD) nurses minor gains in an “inside day” on Thursday, trading at around $4,820, with price action constrained within Wednesday’s ranges. Hopes of new peace talks between the US and Iran keep precious metals buoyed, but the XAU/USD pair is failing to break resistance at the $4,850 area.

Crude prices edge up on Thursday, but remain trading within the previous day’s range.

ING’s commodities team says Copper has climbed to around a one‑month high alongside broader industrial metals as markets price reduced macro risks and potential US–Iran talks.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $79.65 per troy ounce, up 0.83% from the $78.99 it cost on Wednesday.

Rabobank’s Global Strategist Michael Every argues that markets are treating the Iran conflict and Hormuz disruption as largely resolved, with Oil futures not fully reflecting physical supply risks.

Danske Research Team notes that Oil prices held around USD 95 per barrel as markets focused on prospects for a ceasefire between the US and Iran and a potential reopening of the Strait of Hormuz.