On April 14, 2023, gold and silver prices experienced a notable increase of up to 1%, driven by growing optimism regarding ceasefire negotiations between the United States and Iran. The price of gold rose to around $4,800 per ounce, recovering from a 0.6% decline over the past two sessions, while silver surged to $76.49 per ounce during Asian trading hours. Despite the US's naval blockade of the Strait of Hormuz, which has raised concerns about energy supply disruptions, President Donald Trump indicated that Iranian officials expressed a willingness to negotiate. Analysts suggest that the market remains volatile, with gold facing resistance between $4,800 and $4,850, and silver facing resistance around $77. Both metals are influenced by inflation concerns and the potential for central banks to maintain or raise interest rates, which typically negatively impacts non-yielding assets like gold. As geopolitical tensions continue, market participants remain cautious about future price movements.