Gold prices slipped below $4,700 and silver below $80, retracing a portion of last week’s gains after President Trump publicly rejected Iran’s diplomatic response as “TOTALLY UNACCEPTABLE,” keeping inflationary concerns elevated.
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Silver Surges as Iran Tensions Reignite Safe-Haven Demand
Silver surged over 6%, recovering from early-session weakness to reach its highest price in nearly two months, as investors tracked US-Iran nuclear negotiations. President Trump’s characterisation of the Iran ceasefire as being on “massive life support” has driven risk aversion among traders.
Safe-Haven Rally Amid US–Iran Diplomacy and Pre-NFP Caution
Gold and Silver have resumed their upward trend, supported by optimism around a potential US–Iran peace deal that is weakening the safe-haven appeal of the USD.
Precious metals surge as Middle East diplomacy advances
Silver surged over 6% to above $78, while Gold rose approximately 3% to trade near $4,700. The primary driver was easing Middle East tensions, which pressured oil prices lower and reduced inflation concerns.
Gold, silver extend gains as weaker dollar
Gold and silver gains continue as easing US-Iran tensions, weaker dollar, and softer oil prices improve sentiment ahead of key US payrolls data.
Stock Market Highlights
Gold and silver rebound as easing Middle East tensions, weaker dollar, and macro uncertainty shift market focus toward upcoming US payrolls data.
Safe-Haven Rebound Amid Geopolitical Easing and Macro Uncertainty
Gold and silver have recovered from key support levels as Middle East de-escalation signals pressured oil prices, reducing inflation concerns. The dollar weakened against major currencies after the US indicated progress toward an Iran deal, while the yen surged to a two-month high amid intervention expectations.
Precious Metals Under Pressure as Middle East Escalation Fuels Inflation and Rate Concerns
Gold stabilised near $4,500 after a near 2% decline, weighed down by escalating Middle East tensions that have pushed energy prices sharply higher and stoked inflation fears.
War Premium Fades, Rupee Weighs, Physical Demand Holds
Gold and Silver faced a week defined by the hawkish Fed-oil-inflation feedback loop suppressing rate-cut expectations, partially offset by yen-driven dollar weakness. MCX prices held relatively firm versus COMEX due to rupee depreciation. Physical demand and central bank buying remain structurally supportive, but near-term direction hinges on Hormuz diplomacy, incoming US payrolls (May 8), and the trajectory of real yields under incoming Fed Chair Warsh.
Precious Metals under pressure amid Middle East tensions and rate hike expectations
Gold held near $4,550, at one-month lows, as rising energy costs fueled inflation concerns and reinforced expectations of further central bank tightening.
Gold surges 0.24% to Rs 1,49,401, silver 0.7%
Gold trades slightly higher amid West Asia tensions and ceasefire uncertainty. MCX gold rises to Rs 1,49,401, while silver gains 0.7%.
Precious metals are pressured by geopolitical tensions and higher rates
Gold traded below $4,600 and Silver below $73, both near one-month lows, as higher energy prices, a strengthening dollar, elevated inflation expectations, and a persistent higher-for-longer interest rate outlook have collectively tightened short-term conditions for precious metals.