Surprising US-Iran Peace Talks: Gold and Silver Surge, Oil Prices Fall

Gold and silver surged more than 2% on Monday as unexpected progress in US-Iran peace talks sent oil prices lower. However, Bitcoin struggled, falling to the $76,000 zone. According to Reuters , Iranian negotiators left talks with Qatari mediators on Sunday, but a revised peace proposal is circulating. Tehran says its seven-step plan could now be implemented within two days, potentially reopening the Strait of Hormuz if Washington ends its blockade of Iranian ports. Iranian Foreign Minister Abbas Araqchi described consultations as “very intensive.” However, Trump rejected an earlier proposal, and Iranian sources still consider renewed US strikes more likely than an agreement. Why Falling Oil Could Push Gold and Silver Higher Oil fell more than 6% following the diplomatic developments.

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