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Gold, silver prices soar 4% on US-Iran peace talks
25 May 2026

Gold and silver prices have seen a spike today, driven by a weaker US dollar and declining oil prices.

The developments come amid the ongoing US-Iran peace talks, which are easing inflation concerns.

Spot gold prices surged 1.4% to $4,570.88 per ounce while US gold futures for June delivery rose 1.1% to $4,572.90.

Silver, platinum and palladium prices also surge
Silver surge

Silver prices have also witnessed a major spike, with spot silver price jumping 3.9% to $78.42 per ounce.

Other commodities such as platinum and palladium have also seen an increase in their respective prices.

Platinum rose 1.9% to $1,959.85 while palladium was up by the same percentage at $1,373.25 per ounce.

Weaker dollar drives up bullion prices
Currency impact

The weakening of the dollar has made greenback-priced bullion more affordable for holders of other currencies. This is further contributing to the rise in gold and silver prices.

Oil prices have also plummeted over 5% as markets react to the potential US-Iran peace talks.

Brent crude price fell by 5.1% to $98.22 per barrel while West Texas Intermediate dropped by a similar margin to $91.57 a barrel.