Gold, Silver Rise As Oil Slides On U.S.-Iran Pause

Gold and silver prices climbed as oil prices fell sharply following a pause in U.S.-Iran hostilities, easing immediate inflation concerns and boosting demand for precious metals. Investors also looked ahead to the Federal Reserve’s upcoming interest rate decision, with a weaker U.S. dollar providing additional support for gold. Meanwhile, ongoing central bank demand and geopolitical uncertainty continued to reinforce the long-term outlook for precious metals.