Gold and silver seen staying under pressure next week as US-Iran tensions persist

Escalating military conflict between the US and Iran has stalled negotiations, but gold has still fallen for two straight weeks. Comex gold slid 3.5% on the week to USD 4,096.3 per ounce, while silver dropped 10.7% to USD 59.67 per ounce. In India, MCX gold August futures fell 2.06% and MCX silver September futures declined 6.4%. Analysts cited a stronger US dollar, a near-10% drop in crude oil that eased inflation concerns, and rising US Treasury yields as key factors weighing on precious metals.