Gold, silver prices today: Key factors investors should watch amid US-Iran tensions - CNBC TV18

AI desk brief

Gold and silver slipped in global trading as expectations for higher U.S. rates for longer outweighed safe-haven demand from renewed US-Iran tensions. COMEX gold was at $3,956.60/oz, down $13 (-0.33%), while silver fell to $50.310/oz, down 1.14%; Brent and WTI both rebounded 0.5% to $105.25 and $96.93/bbl after reports of a U.S. strike on Iran’s Qeshm Island revived Strait of Hormuz disruption fears.

The piece argues that higher energy prices could lift inflation and limit the scope for central banks to cut rates, keeping pressure on metals despite geopolitical uncertainty. A Kotak Mahindra AMC fund manager said gold had corrected nearly 3% in USD terms over the past week and touched its lowest level in almost a year, though he still sees the long-term case intact while advising staggered buying on dips.