On May 7, gold and silver prices continued their upward trajectory for the third consecutive session. Gold futures climbed by $76 to an intraday high of $4,770 per troy ounce, following a 2.75% increase the previous day, marking its largest gain since late March. Silver prices also surged by $5, reaching $82.43 per ounce after a 5% increase on Wednesday. This rally was fueled by easing tensions between the US and Iran, as reports emerged that Iran was reviewing American proposals to end the ongoing conflict in West Asia. The decline in crude oil prices, which fell by $5 to $96.32 per barrel, further alleviated inflation concerns, prompting speculation that central banks might not need to maintain restrictive monetary policies for an extended period. The dollar index's drop below 98 made commodities less expensive for holders of other currencies. Investors are now awaiting the US employment report to gauge the Federal Reserve's future monetary policy direction.