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Gold holds near $4,800 as US-Iran talks ease war fears, silver tests $80 resistance amid mixed industrial demand.

Market News
16 Apr 2026
FXEmpire
View Source
Neutral
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Gold prices remain steady around $4,800, supported by a weaker US dollar and central bank demand, but gains are capped due to ongoing US-Iran diplomatic talks reducing immediate war risks. This diplomatic progress limits gold's upside momentum near $4,860, though concerns about stagflation and rising energy prices keep long-term prospects positive. Silver trades near $80, boosted by dollar weakness and industrial demand from sectors like electric vehicles and solar energy, but faces resistance at $80-$81. Both metals show cautious bullish trends, with future moves dependent on geopolitical developments and broader economic factors.

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