Precious metals markets opened with mixed trends as gold prices decreased while silver prices surged. Spot gold fell 0.5% to $4,692.49 per ounce, influenced by geopolitical tensions and changing interest rate expectations following the U.S. rejection of Iran's peace proposal. This geopolitical development raised inflation fears, particularly concerning oil shipment routes like the Strait of Hormuz. In contrast, silver prices rose by 3.1% to $82.84 per ounce, driven by strong industrial demand and positive investment sentiment. Analysts indicate that higher interest rates typically pressure gold prices as they reduce demand for non-yielding assets. However, silver's industrial applications may continue to support its price. Upcoming U.S. inflation data could significantly impact the direction of precious metals, with strong inflation potentially delaying interest rate cuts and affecting gold negatively. Conversely, weak inflation may bolster gold prices. Investors are advised to monitor these economic indicators closely and consider diversifying their portfolios to navigate the anticipated volatility in precious metals.