
Spot gold and silver prices increased following a tentative U.S.-Iran agreement to reopen the Strait of Hormuz, which caused crude oil prices to drop sharply. This eased inflation concerns and lowered U.S. Treasury yields, supporting a rally in equities, especially in technology and fuel-sensitive sectors. The deal reduces geopolitical tensions but does not resolve Iran's nuclear issues, with further talks expected over 60 days. Investors are watching key resistance and support levels for gold and silver as the market adjusts to this de-escalation scenario.