Silver price consolidates around $76.50 per troy ounce amid a narrow trading session driven by Middle East developments, keeping investors uncertain about a US-Iran deal. At the time of writing, the white metal is up over 1%.

Gold (XAU/USD) price recovers during the mid-North American session on Thursday after Al Arabiya reported that a final draft of a US-Iran agreement has been reached by the Pakistani mediator and is scheduled to be announced within a few hours.

Crude spent most of Thursday doing what it has done all spring, rallying on the latest escalation headline, this time the claim that Iran would keep its enriched uranium at home. Then the wires flipped.

Royal Bank of Canada economist Salim Zanzana notes that higher Gold prices and expanded access to foreign markets helped cushion Canada’s exports in the face of U.S. tariff pressures.

Silver (XAG/USD) trades in a narrow range on Thursday as traders continue to monitor developments surrounding the US-Iran conflict. At the time of writing, XAG/USD is trading around $75.20, hovering near two-week lows.

ING’s Warren Patterson and Ewa Manthey note that Oil prices sold off heavily despite evidence of tightening US fundamentals.

Gold (XAU/USD) trades with a downside bias on Thursday, struggling to build on the previous day’s rebound from seven-week lows as markets digest fresh headlines surrounding the US-Iran war. At the time of writing, XAU/USD trades around $4,515, down nearly 0.60% on the day.

International Energy Agency (IEA) Chief Fatih Birol said during the European trading session on Thursday that oil markets could enter "red zone" in July-August as stockpiles deplete and summer demand firms. Birol added, “My hope is that the Strait of Hormuz will open fully and unconditionally.”

Gold (XAU/USD) keeps looking for direction on Thursday, showing marginal losses within the weekly range. Upside attempts remain limited below $4,580, with bears contained above the $4,455 area.

MUFG notes that the dominant macro driver for Asian markets is the US–Iran conflict and its impact on Strait of Hormuz energy flows, which had pushed global long-bond yields to post-2008 highs and pressured oil-importing Asian currencies.

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $75.58 per troy ounce, down 0.41% from the $75.89 it cost on Wednesday.

Rabobank’s RaboResearch team, led by Michael Every and Joe DeLaura, argues that the Iran War could accelerate a shift from unified Oil markets toward Balkanised pricing blocs.

ING commodities strategists Warren Patterson and Ewa Manthey report a notable decline in global Aluminium production in April, driven largely by sharp cuts in Gulf output linked to the Iran conflict.

Commerzbank’s Michael Pfister discusses how shifting expectations around a US–Iran deal are driving Oil and Dollar moves.

Silver price (XAG/USD) is down 0.7% to near $75.20 during the early European trading session on Thursday. The white metal drops after failing to extend the recovery above $76.60 earlier in the day.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $98.20 during the early European trading hours on Thursday. The WTI price edges lower after US President Donald Trump said talks with Iran are in the final stages.

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

Silver (XAG/USD) is seen building on the previous day's bounce from the vicinity of a nearly two-week low, around the $73.00 neighborhood, and gaining positive traction for the second straight day on Thursday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – steadies following the previous day's downfall of nearly 5% amid mixed signals over a potential US-Iran peace deal.

US President Donald Trump said that negotiations with Iran were in the final stages, Bloomberg reported on Wednesday. However, Trump also reiterated a pledge to restart attacks in the coming days if Iran doesn’t agree to his terms.

Gold price (XAU/USD) trades on a flat note around $4,540 during the early Asian session on Thursday. Traders continue to assess the developments surrounding stalled US-Iran peace negotiations and threats to the Strait of Hormuz.

Silver price advances during the North American session as it forms a ‘bullish harami’ candle chart pattern, an indication that further upside is seen in the short term. At the time of writing, the XAG/USD trades at $75.85, up more than 3%.

Gold (XAU/USD) finds bids and edges higher during the North American session on Wednesday after the Federal Reserve’s (Fed) last meeting minutes showed that most officials favored laying the groundwork for a rate hike. At the time of writing, the XAU/USD pair trades at $4,530, up by 1%.

West Texas Intermediate (WTI) crude Oil plunges more than 5% on Wednesday, snapping a four-day winning streak as traders react to fresh geopolitical headlines that raised hopes for a potential agreement to end the US-Iran war and reopen the Strait of Hormuz.

A Bloomberg article revealed that US crude stockpiles plunged, as Oil exports began to empty domestic supply inventories.

Silver (XAG/USD) rises on Wednesday and trades around $76.00 at the time of writing, up 3.11% on the day, as investors return to precious metals following a pullback in US Treasury yields.

United States EIA Crude Oil Stocks Change below forecasts (-2.9M) in May 15: Actual (-7.864M)

Gold (XAU/USD) holds firm on Wednesday after falling 1.85% the previous day, as a pause in the global bond sell-off helps reduce upward pressure on Treasury yields and offers some support to the non-yielding metal.

Crude Oil prices ease from recent highs on Wednesday but remain above the key $100 level, with the US benchmark West Texas Intermediate (WTI) consolidating gains above $102.00 at the time of writing, as tensions between the US and Iran grow.

Gold (XAU/USD) consolidates losses at nearly seven-week lows below $4,500 on Wednesday, trading at $4,478 at the time of writing, as the US Dollar Index (DXY) tests six-week highs at the 99.45 area.