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

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains some positive traction during the Asian session on Thursday and recovers a major part of the previous day's losses to its lowest level since April 21.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.35 during the early Asian trading hours on Thursday. WTI price recovers some lost ground amid renewed tensions between the US and Iran.

The US military carried out ‌new strikes in Iran targeting a military site that posed a threat to US forces and commercial traffic in the Strait of Hormuz, Reuters ‌reported on Wednesday.

US President Donald Trump said that he won’t be rushed into a deal, warning that Iran’s efforts to outlast him won’t work because he doesn’t “care about the midterms,” CNN reported on Wednesday.

Gold price (XAU/USD) trades on a flat note around $4,455 during the early Asian session on Thursday. The precious metal steadies as US-Iran peace negotiations face uncertainties.

United States API Weekly Crude Oil Stock climbed from previous -9.1M to -2.8M in May 22

Iran's state broadcaster said Wednesday that Tehran had received an initial draft of a 14-point Memorandum of Understanding (MOU) framework with the United States, one that would reopen the Strait of Hormuz, lift the US naval blockade on Iranian ports, and pull US forces back from Iranian territory.

Gold (XAU/USD) plungesmore than 1% on Wednesday as the Greenback recovers some ground, pairing some of its earlier losses, while risk appetite shifted to neutral amid speculation that US-Iran negotiations could stall. At the time of writing, XAU/USD trades at $4,443, its lowest level since March 30.

Commerzbank’s commodity team, led by Barbara Lambrecht and colleagues, argues that Brent has fallen back below USD 100 as markets price in a potential Iran deal, but a rapid normalization of Gulf exports is unlikely.

Gold (XAU/USD) struggles to attract buying interest on Wednesday, even as the US Dollar (USD) and Oil prices trade on the back foot, with markets remaining cautiously optimistic that the United States (US) and Iran could eventually reach a deal to end the war in the Middle East.

Silver price (XAG/USD) is down almost 3.5% to near $74.10 during the European trading session on Wednesday.

Gold price (XAU/USD) is down 0.7% to near $4,475 during the European trading session on Wednesday. The precious metal faces selling pressure even as oil prices have tumbled.

Deutsche Bank analysts note Brent Oil retraced about half of Monday’s sharp fall as optimism over a potential US-Iran deal faded slightly, before slipping again in early trading.

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $75.46 per troy ounce, down 1.96% from the $76.97 it cost on Tuesday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $90.75 during the early European trading hours on Wednesday. The potential downside for crude oil prices might be limited as fresh US strikes on Iran dashed hopes of a Middle East breakthrough. 

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

Gold (XAU/USD) struggles to capitalize on its modest Asian session uptick on Wednesday and seems vulnerable near the $4,500 psychological mark as persistent geopolitical uncertainties continue to act as a tailwind for the US Dollar.

India’s Gold market shows an unusual disconnect after the government raised import duties on the precious metal.

Gold price (XAU/USD) loses ground to around $4,500 during the early Asian session on Wednesday. The precious metal extends the decline as fresh US military strikes on Iran dimmed hopes of a peace deal and reinforced concerns that persistent inflation could keep interest rates higher for longer. 

Gold (XAU/USD) price tumbles more than 1.60% on Tuesday as the US Dollar (USD) strengthens on renewed haven demand following US strikes in southern Iran. At the time of writing, XAU/USD trades below the $4,500 mark after reaching a daily high of $4,580.

Silver (XAG/USD) trades on the back foot on Tuesday, pressured by a firmer US Dollar (USD) and hawkish Federal Reserve (Fed) expectations amid ongoing tensions in the Middle East. At the time of writing, XAG/USD is trading around $76.43, down nearly 2.0% on the day.

Gold (XAU/USD) loses ground on Tuesday as the US Dollar (USD) and Oil prices rebound after renewed US military strikes in southern Iran dampen hopes for a quick end to the Middle East war. At the time of writing, XAU/USD is trading around $4,511, easing from an intraday high of $4,580.

Rabobank’s Michael Every argues that the Strait of Hormuz is unlikely to return to normal operations for up to three months, keeping a significant share of global Oil and gas flows constrained.

Gold price (XAU/USD) trades 0.85% lower to near $4,530 during the European trading session on Tuesday. The precious metal faces selling pressure amid growing concerns over the longevity of the ceasefire in the Middle East.

Deutsche Bank’s Jim Reid and team note that Brent Oil has fallen sharply as hopes build for a deal to end the Iran war, with prices dropping back below $100. The bank links recent Oil weakness to reduced stagflation fears and lower inflation expectations.

Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $76.06 per troy ounce, down 2.56% from the $78.06 it cost on Monday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – regains some positive traction on Tuesday and recovers a part of the previous day's heavy losses to the $88.75-$88.70 region, or over a two-week low.

Silver price (XAG/USD) trades 2% lower to near $76.50 during the European trading session on Tuesday. The white metal resumes its downside journey after rising in the last four trading days, as financial market participants turn cautious over peace in the Middle East.

West Texas Intermediate (WTI), futures on NYMEX, is up 1.8% to near $91.20 during the early European trading session on Tuesday.