OCBC strategists Sim Moh Siong and Christopher Wong report Gold has rebounded in choppy trade on a fragile US–Iran ceasefire and direct Israel–Lebanon talks. With US nominal and real yields falling and risk sentiment improving, the bank sees risks to Gold prices somewhat skewed to the upside.

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $75.16 per troy ounce, down 0.23% from the $75.33 it cost on Thursday.

ING strategists Ewa Manthey and Warren Patterson highlight that Gold is edging higher and on track for a third consecutive weekly gain, supported by diplomatic optimism on Iran, central‑bank demand and rising inflation expectations.

Silver price (XAG/USD) trades in a tight range around $75.00 during the European trading session on Friday.

Oil prices are ticking up for the second consecutive day on Friday. The US benchmark West Texas Intermediate (WTI) Oil has returned to levels near $93.00 per barrel, as restrictions in the Strait of Hormuz keep a de facto blockade in place, adding strain to an already frail ceasefire deal in Iran.

DBS Group Research economist Eugene Leow notes that Gold has been consolidating in a tight range despite sharp moves in energy markets, as traders await key US CPI data. The report highlights stronger institutional demand, with rising ETF holdings after late-March weakness.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $91.75 during the early European trading hours on Friday. The WTI price declines as traders brace for the outcome of make-or-break talks between the US and Iran on Saturday in Pakistan.

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

Silver (XAG/USD) struggles to capitalize on a three-day-old modest recovery from levels below the $70.00 psychological mark and oscillates in a narrow band during the Asian session on Friday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades with a mild positive bias during the Asian session on Friday, though it lacks bullish conviction amid hopes of Iran ceasefire stabilizing.

Gold price (XAU/USD) trades with mild losses near $4,760 during the early Asian session on Friday. The precious metal declines as market uncertainty persists regarding the fragility of the US-Iran ceasefire and reports of continued Middle East conflict, including the closure of the Strait of Hormuz.

Gold price (XAU/USD) resumed its rally on Thursday after Israeli Prime Minister Benjamin Netanyahu said that he is open to negotiations with Lebanon. This, along with broad US Dollar weakness, keeps the yellow metal underpinned, rising to challenge the $4,800 milestone.

West Texas Intermediate (WTI) Crude Oil reverses course on Thursday, erasing earlier gains as a fresh wave of optimism sweeps through global markets, easing concerns over the durability of the US-Iran ceasefire.

TD Securities’ Senior Commodity Strategist Daniel Ghali notes that Copper prices have almost fully retraced losses from the Iran war despite heavy fund liquidations and weakening risk assets.

Gold (XAU/USD) holds steady on Thursday as markets closely monitor developments surrounding the fragile ceasefire in the Middle East.

ING’s Ewa Manthey and Warren Patterson say Gold remains highly sensitive to geopolitical developments around the US–Iran ceasefire and conflict in the Middle East.

Oil prices have trimmed some of the last two days' losses, and the price of a barrel of the US benchmark West Texas Intermediate (WTI) returned to levels above $93.00 at the time of writing, from lows near $86.00 on Wednesday. 

Deutsche Bank strategists highlight sharp volatility in Brent Oil as Middle East ceasefire doubts resurface. Brent initially slumped over 13% to a four-week low near $95, then rebounded above $96 as concerns about Hormuz shipping and ceasefire durability persisted.

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $74.11 per troy ounce, down 1.08% from the $74.92 it cost on Wednesday.

Rabobank strategist Molly Schwartz notes that crude Oil’s initial sharp drop on the Iran ceasefire headlines has been only partially reversed, despite renewed tensions and the Strait of Hormuz re-closing.

Danske Research Team notes that Brent crude dropped sharply on the initial US-Iran ceasefire headlines but remains sensitive to Middle East supply risks. The Strait of Hormuz is still blocked, with Iran only indicating a possible reopening later this week.

Silver price (XAG/USD) trades calmly near $74.00 during the late Asian trading session on Thursday. The white metal struggles for direction amid uncertainty surrounding the first round of talks on a permanent ceasefire between the United States (US) and Iran in Pakistan on Saturday.

West Texas Intermediate (WTI) oil price advances after two days of losses, trading around $91.90 per barrel during the Asian hours on Thursday.

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

US President Donald Trump said on Thursday that US forces will remain deployed around Iran until a final agreement is fully implemented. He emphasized that the Strait of Hormuz must remain open and safe.

Silver (XAG/USD) is seen extending the previous day's modest pullback from the weekly high and drifting lower during the Asian session on Thursday. The white metal currently trades just below mid-$73.00s, down 2.0% for the day, and seems vulnerable to slide further.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.80 during the Asian trading hours on Thursday. The WTI price jumps after Iran accuses the US of violating elements of a two-week ceasefire agreement. 

Gold price (XAU/USD) trades in negative territory around $4,705 during the early Asian session on Thursday. The precious metal edges lower amid a temporary two-week ceasefire between the US and Iran.   

Gold (XAU/USD) advances on Wednesday, yet trades off a three-week high of $4,857 hit earlier in the day, as falling Oil prices weighed on the US Dollar, which weakened to a four-week low in the US Dollar Index (DXY). At the time of writing, the XAU/USD pair trades at $4,735, up more than 0.70%.

West Texas Intermediate (WTI) Crude Oil trades sharply lower on Wednesday, falling more than 10% after a temporary ceasefire agreement between the United States and Iran reduced the geopolitical risk premium embedded in prices.