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Gold and silver surge on dollar weakness and oil drop but will $4800 and $90 follow
Economy
Published on 1 May 2026
Iran talks hinting and the US dollar sliding drove metals higher
Gold and silver prices rose as oil prices slipped and the US dollar weakened, making metals cheaper for global buyers. Market mood also improved after reports that Iran has sent a proposal for talks. Investors are now weighing the path of inflation, interest rates, and growth signals—while analysts debate whether upside targets like $4,800 gold and $90 silver are realistic.
- Oil weakness and a softer US dollar lifted gold and silver
- Iran proposal for talks boosted risk sentiment and demand expectations
- Traders are watching inflation and interest-rate signals closely
- Analysts debate whether $4,800 gold and $90 silver can return
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times