Gold, Silver Outlook: Can Falling Crude Oil Prices Support Precious Metals' Recovery? - Business Today

AI desk brief

Brent crude was around $91 a barrel as Trump's indication that further military action against Iran was unlikely eased energy-supply concerns. Sustained oil declines could ease inflation and influence Fed expectations, but stronger-than-expected US employment data have revived higher-for-longer concerns; upcoming inflation data remain key. The article also cites a weaker dollar and softer nominal bond yields as supportive, without establishing real-yield moves. Independent analyst Anuj Gupta places gold support/resistance at $4,070/$4,160 per ounce and silver at $50/$55; these are reference levels, not confirmed breakout scenarios.