Gold, silver down but well up from daily lows

Gold and silver prices are sharply down but well up from their overnight lows that saw gold hit a four-month low and silver a 3.5-month low. News from President Trump that the Iran war may be de-escalating roiled the marketplace with big price gyrations in many markets, including gold and silver.

Still, the metals markets are seeing underlying selling pressure amid global inflation worries and a strong U.S. dollar. April #gold was last down $205.40 at $4,369.10. May #silver prices were down $2.009 at $67.63.

Latest on the war in #IranWarUpdate $XAU