Gold and silver prices have seen a notable increase due to a weaker US dollar and declining oil prices, following news of a new negotiation proposal from Iran. Spot gold rose 0.1% to $4,627.63 per ounce, recovering from earlier losses, while silver surged 3% to $75.91 per ounce. Analysts attribute this uptick to the easing of geopolitical tensions and currency fluctuations, which have made precious metals more affordable for international buyers. The market is closely watching inflation trends and interest rate expectations, as a potential cut in rates could push gold towards $4,800 and silver towards $90. The demand for silver is particularly strong due to ongoing supply deficits and increasing usage in solar energy production. As the market continues to react to economic data and central bank policies, investors are advised to stay informed about these developments to make strategic decisions regarding their investments in precious metals.