Tension around the Strait of Hormuz keeps oil high, feeding inflation concerns, while “Project Freedom” and renewed US-Iran dialogue offer brief moments of relief. The result is a market that shifts tone quickly, with commodities reacting to every headline.

Gold is holding its ground without fully breaking higher, supported by central bank demand but restrained by expectations of tighter policy. Silver leans softer, reflecting growth concerns more than safe-haven demand.

Check out the latest updates from the week’s first trading day!