Silver (XAG/USD) attracts fresh sellers following a modest Asian session uptick to the $75.00 neighborhood and retreats to the lower end of the daily range in the last hour.

US President Donald Trump threatened to resume attacks on Iran in “two or three days” as part of the push for a deal to end the war, after he said he had just called off a US attack, Bloomberg reported on Tuesday.

Gold price (XAU/USD) faces some selling pressure near $4,480 during the early Asian session on Wednesday. The precious metal drops to its lowest since March 30 as persistent inflation fears keep interest rate hike expectations and Treasury yields high.

The Crude Oil market spent Tuesday teaching the headline writers a lesson.

United States API Weekly Crude Oil Stock registered at -9.1M, below expectations (-3.4M) in May 15

Silver (XAG/USD) remains under pressure on Tuesday as a stronger US Dollar and rising US Treasury yields continue to weigh on the precious metal amid growing expectations that the Federal Reserve (Fed) may need to raise interest rates to tackle rising Oil-driven inflation pressures.

Gold (XAU/USD) price falls over 1.3% on Tuesday as the Greenback posts solid gains underpinned by US Treasury yields, with the 10-year note yield near a 16-month peak. At the time of writing, XAU/USD trades at $4,506 after reaching a high of $4,589.

West Texas Intermediate (WTI) trades around $103.20 at the time of writing on Tuesday, up 1.16% on the day and extending its advance for a fourth consecutive day.

Rabobank’s energy team sees the UAE’s departure from OPEC (Organization of Petroleum Exporting Countries) as a potential catalyst for further cartel erosion and structurally lower Oil prices.

ING analysts Warren Patterson and Ewa Manthey say Oil remains volatile as Iran-related risks and supply disruptions in the Persian Gulf keep prices in wide ranges. They highlight a fresh US waiver allowing Russian Oil floating at sea to be sold for another 30 days, which should help Asian buyers.

Deutsche Bank’s Henry Allen notes that despite the Iran conflict and higher long-dated Oil prices, risk assets and equities have remained resilient as the Brent curve stays heavily backwardated.

Silver (XAG/USD) remains under pressure on Tuesday and trades around $76.00 at the time of writing, down 2.13% on the day.

Gold (XAU/USD) trades on the back foot on Tuesday as traders closely monitor developments surrounding the US-Iran negotiations and amid a broad macroeconomic background linked to the prolonged conflict that continues to weigh on the precious metal.

Gold price (XAU/USD) trades 0.55% lower at around $4,540 during the European trading session on Tuesday. The yellow metal faces selling pressure as United States (US) Treasury Yields remain broadly firm due to expectations that the Federal Reserve (Fed) will not cut interest rates this year.

Rabobank’s Senior Macro Strategist Bas van Geffen notes that Oil remains directionless as the Gulf conflict oscillates between negotiation and potential escalation.

A spokesperson from Qatar’s Foreign Ministry said that communication between leaders in the region is ongoing and with conflict parties to prevent a return to escalation.

ING’s Warren Patterson and Ewa Manthey report that Copper on the LME is extending losses as inflation concerns linked to the Iran conflict, weaker Chinese data and a firmer US Dollar (USD) weigh on industrial demand expectations.

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $75.95 per troy ounce, down 2.28% from the $77.73 it cost on Monday.

West Texas Intermediate (WTI), futures on NYMEX, is up 0.7% higher to near $102.75 during the European trading session on Tuesday.

Danske Research Team reports that Brent Crude slipped about 2% to USD 109.8 per barrel after President Trump paused a large-scale strike on Iran to allow negotiations.

Rabobank’s Michael Every and Joe DeLaura argue that the Iran War could accelerate a shift from unified Oil markets towards Balkanised pricing and settlement blocs.

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

West Texas Intermediate (WTI) oil price gains ground for the fourth consecutive day, trading around $102.20 per barrel during the Asian hours on Tuesday.

Gold (XAU/USD) attracts fresh sellers following an Asian session move up to the $4,590 region, stalling the previous day's modest recovery from the lowest level since March 30.

Silver (XAG/USD) attracts some sellers following a modest Asian session uptick to the $79.00 neighborhood and drops to a fresh daily low in the last hour.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $101.85 during the early Asian trading hours on Tuesday. The WTI price declines after US President Donald Trump said he was holding off a military attack on Iran planned for Tuesday at the request of Gulf states.

US President Donald Trump said that the United States (US) would be “probably satisfied” if it could reach an agreement with Iran that prevents Tehran from obtaining a nuclear weapon, the Guardian reported on Monday.

Gold price (XAU/USD) recovers some lost ground from a one-and-a-half-month low to around $4,565 during the early Asian session on Tuesday. The precious metal edges higher amid a weaker US Dollar (USD).

Gold (XAU/USD) price steadies on Monday after reaching a daily low beneath $4,500, as the US Dollar is on the back foot amid fears that the energy shock spurred by the Middle East conflict could trigger a second wave of inflation.

Rumors about the US-Iran conflict emerged during the last minutes. Axios reported Iran’s last proposal to the US is seen by the White House as “insufficient for a deal,” according to a Senior US official.