Gold and silver prices declined on Tuesday. A strengthening U.S. dollar and potential U.S.-Iran peace talks drove the market downturn.
Spot gold reached its lowest level since April 13. Silver prices fell as investors reduced their holdings of safe-haven assets.
Negotiations aim to end the conflict and reopen the critical Strait of Hormuz shipping lane. De-escalation would remove a primary source of global economic instability.
This instability previously influenced central bank policies and investor strategies. Investors are now monitoring the talks for signs of a broader peace agreement.