Gold and Silver Advance in Asia as Iran Conflict Signals Remain Mixed

Precious Metals Supported by Safe-Haven Demand and Softer Dollar

Gold futures in Asian trading climbed about 1.59–1.60% to approximately $5,184.7–$5,185.26 per ounce. Silver outperformed gold on a percentage basis, surging 5.47–5.62% to around $89.14–$89.28 per ounce.

The advance in gold followed an earlier period of weakness driven by a stronger dollar and higher interest rate expectations after the Iran war initially pushed oil prices above $100 per barrel. Gains in the metal were limited after Trump signaled that the Iran war could end soon, reducing some immediate safe-haven demand.

Despite this, gold prices remained elevated as geopolitical risks persisted. Iran’s Revolutionary Guards indicated that an oil blockade would continue until attacks cease, maintaining uncertainty in energy markets and underpinning gold’s role as a risk hedge.

The U.S. dollar index declined 0.43% to 98.748, providing additional support for dollar-denominated bullion. The yield on the 10-year U.S. Treasury fell to 4.111% from higher levels, which also lent support to non-yielding assets such as gold.

Copper Rises on Supply Concerns

Beyond precious metals, copper futures gained 1.1% to $5.913 per pound. The move higher came amid concerns about a potential copper shortage linked to tariff-related fears and mine disruptions.

Analysts cited in the report noted that gold’s safe-haven appeal remained robust in light of ongoing geopolitical tensions, even as oil prices retreated from their earlier highs above $100 per barrel. The combination of geopolitical risk, movements in the dollar, and shifts in bond yields continued to shape trading conditions across key metals markets.

FAQ

How much did gold prices rise in Asian trade on Tuesday?
Gold futures increased by about 1.59–1.60% to roughly $5,184.7–$5,185.26 per ounce.

How did silver perform compared with gold?
Silver rose more sharply than gold, gaining 5.47–5.62% to trade around $89.14–$89.28 per ounce.

What role did the U.S. dollar and Treasury yields play in gold’s movement?
Gold was supported by a 0.43% drop in the dollar index to 98.748 and a decline in the 10-year U.S. Treasury yield to 4.111%, both of which typically favor non-yielding, dollar-priced assets.

Why did copper prices move higher?
Copper futures rose 1.1% to $5.913 per pound amid concerns about a looming copper shortage due to tariff fears and mine disruptions.