Silver price (XAG/USD) is up 2.6% to near $80.50 during the early European trading session on Friday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.45 during the early European trading hours on Friday. The WTI price attracts some sellers on optimism over a possible deal to end the war with Iran. 

Gold prices rose in India on Friday, according to data compiled by FXStreet.

Silver (XAG/USD) attracts fresh buyers following an Asian session dip to sub-$78.00 levels and stalls the previous day's late pullback from a nearly three-week high. The white metal climbs back above the $80.00 psychological mark in the last hour and remains on track to register strong weekly gains.

US President Donald Trump said that a ceasefire with Iran is still in place despite fresh military clashes in and around the Strait of Hormuz, warning that it would be obvious if the ceasefire were over, CNN reported on Thursday.

US Central Command said Thursday that US forces targeted Iranian military facilities responsible for launching attacks against warships transiting the Strait of Hormuz, CNN reported.

Gold price (XAU/USD) holds steady near $4,685 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the key US employment data for April, which is due later in the day. 

Gold (XAU/USD) edges higher on Thursday during the North American session amid heightened tensions in the Middle East due to rumors that the US is looking to restart Project Freedom. At the time of writing, XAU/USD trades at $4,705 after reaching a daily high of $4,764.

Silver (XAG/USD) trims part of its earlier gains on Thursday as geopolitical headlines from the Middle East continue to stir volatility across financial markets.

Crude Oil markets staged a sharp intraday reversal on Thursday, with WTI futures briefly tagging lows below $90 a barrel before clawing back above $93, while Brent slid toward $95 before recovering to reclaim the $100 handle.

Silver (XAG/USD) extends its strong rally on Thursday, with the white metal trading around $80.60 at the time of writing, up 4.19% on the day. XAG/USD is reaching fresh multi-week highs, supported by lower Oil prices, declining US Treasury yields and broad weakness in the US Dollar (USD).

TD Securities strategist Bart Melek notes that the latest FOMC decision and the Iran-related Oil shock are pushing the Fed toward a neutral or even restrictive bias, delaying any rate cuts.

TD Securities strategist Bart Melek highlights that the Strait of Hormuz disruption has removed 9–10 million bbl/d from the market, keeping Brent near $100/bbl and potentially pushing it above $150/bbl.

Gold (XAU/USD) holds firm on Thursday, hovering near two-week highs as price action remains driven by geopolitical headlines, with traders awaiting further clarity around a possible peace deal between the United States (US) and Iran.

ING’s Ewa Manthey and Warren Patterson note that industrial metals, including Copper, rallied on Wednesday as progress towards a US-Iran deal improved risk appetite and eased fears of an energy shock, before paring gains on Thursday.

TD Securities strategist Bart Melek argues that Gold’s recent decline reflects the Iran-driven Oil shock, higher inflation expectations and a firmer US Dollar, which are keeping Fed policy tighter for longer.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $79.78 per troy ounce, up 3.13% from the $77.35 it cost on Wednesday.

Crude Oil prices extend losses for the third consecutive day on Thursday, with the US benchmark West Texas Intermediate (WTI) trading at $90.66 at the time of writing, as progress in the US-Iran peace talks has sparked speculation about the reopening of the Strait of Hormuz.

ING analysts Ewa Manthey and Warren Patterson note that Oil and gas prices dropped sharply as Iran considered a new US proposal that could gradually reopen the Strait of Hormuz and ease supply risks.

ING’s commodities strategists Ewa Manthey and Warren Patterson report that Gold rallied as hopes of a US-Iran deal pushed Oil prices lower, easing inflation concerns and weighing on yields while the Dollar stayed near pre-war levels.

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

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – oscillates in a range during the Asian session on Thursday and, for now, seems to have stalled the previous day's modest bounce from sub-$87.00 levels, or over a two-week low.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.25 during the early Asian trading hours on Thursday. The WTI price declines on optimism over a possible deal to end the war with Iran. 

US President Donald Trump said that Iran will be bombed “at a much higher level” if it doesn’t agree to a peace deal, CNBC reported on Wednesday.

Gold price (XAU/USD) gains momentum to a one-week high near $4,700 during the early Asian session on Thursday. The precious metal extends the rally as optimism over a US-Iran peace deal eased concerns over inflation. 

Gold (XAU/USD) price rallies nearly 3% on Wednesday amid growing speculation of an end to the Iran war, weighing on the Greenback and pushing US Treasury yields lower. At the time of writing, XAU/USD trades at $4,681 after bouncing off daily highs of $4,723.

Coinbase (COIN) announced on Wednesday that Gold (XAU) and Silver (XAG) perpetual futures contracts have been listed for trading. The offering, which will be available around the clock to both institutional and retail traders, is available to eligible non-US traders.

West Texas Intermediate (WTI) US Oil tumbles on Wednesday, trading around $92.30 at the time of writing, down 7.62% on the day as investors rapidly unwind geopolitical risk premiums following reports of a potential agreement between Washington and Tehran.

Silver (XAG/USD) gains traction on Wednesday as renewed optimism surrounding a potential US-Iran peace deal triggers a sharp decline in the US Dollar (USD) and Oil prices. At the time of writing, XAG/USD is trading around 77, up over 5.50% on the day.

United States EIA Crude Oil Stocks Change came in at -2.314M, above forecasts (-2.8M) in May 1