Gold and silver prices rise on technical buying and geopolitical tensions despite higher yields and oil prices.

Spot gold and silver prices increased in late U.S. trading due to technical buying and defensive demand amid geopolitical tensions around the Strait of Hormuz. Gold traded near $4,136.60 an ounce, up 1.47%, and silver near $59.72, up 1.80%. Despite higher crude oil prices and rising Treasury yields, metals held gains as investors sought safe havens. Market focus remains on upcoming U.S. economic data, Federal Reserve policy decisions, and potential disruptions in key shipping lanes affecting global trade and inflation risks.