On April 22, gold prices rebounded by nearly 1%, reaching $4,768 per ounce, while silver prices fell 1.8% to $77.80 per ounce. This price movement followed an announcement by former President Donald Trump to extend the ceasefire with Iran, despite the collapse of new peace talks. Since the onset of the US-Iran conflict, gold prices have dropped over 10%, while silver has seen a sharper decline of nearly 17%. Market participants are adopting a cautious stance, awaiting clarity on the geopolitical situation. Analysts suggest that gold is trading within a range of $4,750 to $4,850, while silver is between $78 and $81. A breakout from these ranges could lead to significant price movements of 3-4%. The ongoing conflict has raised inflation concerns, impacting the outlook for central bank interest rates, which could further affect non-yielding assets like gold and silver.