Spot gold prices are firmer, but silver prices are sharply higher in late Monday trading, with bargain hunting in metals weighed against higher oil prices, elevated bond yields and uncertainty around U.S.-Iran negotiations. At the time of writing, spot gold was trading near $4,565.30 an ounce, up 0.57%, while spot silver was trading at $77.480, up 2.16% on the session. The U.S.-Iran conflict remains the dominant cross-asset driver as the closing of the Strait of Hormuz continues to impact roughly one-fifth of global oil flows. Monday’s oil price swings showed how sensitive markets remain to every sign of escalation ... (full story)