Gold and silver prices may rally again if U.S.-Iran peace deal is reached, resuming 2025's bull market.

Gold and silver prices, which surged to record highs in 2025, could resume their rally if a U.S.-Iran peace settlement is reached, easing current market volatility. Despite recent declines due to higher interest rates, a stronger dollar, and profit-taking, experts see these as temporary setbacks in a longer bull market driven by inflation and demand for real assets. The metals traded inversely to oil and the dollar during the conflict but are expected to rebound as peace talks progress, with central banks continuing to diversify into gold and industrial demand supporting silver. Investors anticipate new all-time highs for both metals later this year as economic conditions improve.