Gold (XAU/USD) kicks off the week with a negative bias as slow progress toward a US-Iran ceasefire extension deal and fresh attacks in the Middle East keep buyers cautious. At the time of writing, XAU/USD is trading around $4,500 after hitting a two-week high near $4,595 on Friday.

Gold (XAU/USD) trades lower on Monday, reverting Friday’s gains and returning to the $4,500 atrea following rejection at the $4,590 resistance area.

Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $75.95 per troy ounce, up 0.89% from the $75.28 it cost on Friday.

Crude prices are trading higher on Monday, with the barrel of the US benchmark West Texas Intermediate (WTI) changing hands at $89.40 at the time of writing, nearly $3 higher than last week’s closing price.

Societe Generale’s Michael Haigh and Jeremy Sellem argue that the proposed U.S–Iran ceasefire framework would only gradually restore flows through the Strait of Hormuz, keeping Oil markets tight.

Silver price (XAG/USD) is up 0.5% to near $75.75 during the European trading session on Monday. The white metal trades higher amid hopes that the United States (US) and Iran will reach a permanent peace deal soon.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.45 during the early European trading hours on Monday. WTI price attracts some buyers following the Kuwaiti military reports of a missile and drone attack.

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

Kuwait's armed forces said that the country's air defense systems were intercepting hostile missile and drone attacks after air raid sirens sounded and emergency alerts were issued nationwide, the Guardian reported on Monday.

Gold (XAU/USD) kicks off the new week on a subdued note and remains on the back foot below a two-week top, around the $4,600 neighborhood, touched on Friday.

Gold price (XAU/USD) declines to near $4,535, snapping the two-day winning streak during the early Asian session on Monday. The precious metal loses ground amid the lack of progress in the US-Iran peace negotiations.

Iranian Foreign Minister Abbas Araghchi said that talks and message exchanges with the United States (US) were onongoing buttressed that no assessment of negotiations could be made until a clear outcome was reached, Reuters reported on Sunday.

Silver price retreats by 0.16% during the session, consolidating around the $75.00-$76.00 area, virtually unchanged, near the 50-day Simple Moving Average (SMA) at $75.70.

Gold (XAU/USD) price advanced more than 1.50% on Friday amid news that Iran and the US are close to signing a deal aimed at extending the ceasefire for 60 days to allow negotiations on Iran’s nuclear program. At the time of writing, XAU/USD trades at $4,563, after bouncing off daily lows of $4,489.

United States Baker Hughes US Oil Rig Count increased to 429 from previous 425

Silver (XAG/USD) trades flat on Friday, failing to capitalize on improving market sentiment surrounding a potential US-Iran peace deal even as the US Dollar (USD) slides to a two-week low. At the time of writing, XAG/USD trades around $75.60 and is on track to end the week virtually unchanged.

DBS Group Research’s Philip Wee notes that Brent and WTI have fallen sharply, as markets anticipate abundant supply from the Gulf.

Gold (XAU/USD) extends its rebound on Friday as traders assess the prospects of a potential US-Iran deal. At the time of writing, XAU/USD trades around $4,530 after recovering from a two-month low of $4,366 touched on Thursday.

Gold price (XAU/USD) is up 0.7% to near $4,530 during the European trading session on Friday. The precious metal extends its Thursday’s recovery move, as Oil prices decline due to renewed hopes of a permanent peace deal between the United States (US) and Iran.

Crude prices trend lower for the third day in a row on Friday, with the US benchmark West Texas Intermediate (WTI) barrel trading around $86.50 at the time of writing after hitting one-month lows a few pips below $86.00. WTI Oil is on track for a nearly 15% decline over the last two weeks.

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $75.51 per troy ounce, down 0.17% from the $75.64 it cost on Thursday.

West Texas Intermediate (WTI) oil price loses ground for the third successive day, trading around $86.60 per barrel during the early European hours on Friday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades with a negative bias for the third straight day on Friday and trades around the $87.00 mark during the Asian session, close to a one-month low touched the previous day.

Gold (XAU/USD) struggles to capitalize on the previous day’s solid rebound from the $4,367-$4,366 area, or its lowest level since March 27, and oscillates in a narrow band during the Asian session on Friday.

Crude Oil is doing what it has done all month: discounting a peace deal that the people who actually have to sign it have not agreed to.

Gold (XAU/USD) stages a comeback, surging over 1.20% on Thursday after rebounding from two-month lows near $4,366, as market sentiment improves on speculation of a peace deal between the US and Iran. At the time of writing, XAU/USD trades at $4,500.

West Texas Intermediate (WTI) crude Oil sees sharp two-way price swings on Thursday as traders track rapidly changing US-Iran developments. At the time of writing, WTI is trading little changed around $88 per barrel after hitting an intraday high of $91.27.

United States EIA Crude Oil Stocks Change above forecasts (-5M) in May 22: Actual (-3.327M)

BNY’s Bob Savage reports that renewed Iran–US tensions and evidence of tight US inventories are supporting Oil, with satellite data showing most Strait of Hormuz export facilities closed.

Gold (XAU/USD) falls to a fresh two-month low on Thursday as renewed attacks in the Middle East keep traders doubtful about a quick end to the US-Iran war. At the time of writing, XAU/USD is trading at $4,386 after hitting an intraday low of $4,366.