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Gold, silver surge as US-Iran truce hopes ease inflation risks
Gold and silver surged the most in about a month as hopes of a US-Iran deal drove oil prices lower and eased inflation expectations. Bullion climbed as much as 3.6% to exceed $4,700 an ounce on Wednesday, while silver gained as much as 6.8%. Falling energy prices weighed on bond yields while the dollar traded at pre-war levels. That’s positive for bullion as it pays no interest and is priced in the greenback. Global equities also climbed as risk appetite increased amid optimism surrounding a truce between the two countries. Iran is evaluating a new proposal from the US to end the near 10-week conflict, according to ... (full story)
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- May 6, 2026 12:26pm Posted byFundamental Analysis4,725
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