Gold & Silver Market News — May 25, 2026, 00:10–04:10 UTC
Broad Market Reacts to US-Iran Deal Hopes
Reports of progress toward a US-Iran peace deal have improved market risk sentiment, though some updates suggest a deal is not yet fully negotiated. This has bolstered risk-sensitive currencies such as the Australian Dollar and the Euro against the US Dollar, while West Texas Intermediate (WTI) oil prices fell sharply on expectations of the Strait of Hormuz reopening.
Gold Gains on Weaker US Dollar
Gold prices advanced as the precious metal attracted buyers amid a weaker US Dollar. The dollar's decline was linked to reports that the United States and Iran were nearing an agreement that could reopen the Strait of Hormuz, influencing currency valuations.
Singapore Posts Strong Economic Growth
In Asian economic news, Singapore reported that its economy grew 6% year-over-year in the first quarter. This figure represented a stronger performance than indicated by the government's advance estimate.
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