[MARKET ANALYSIS] Gold and silver rebounded from an early dip

WTI/Brent: WTI Mar'26 -0.5% / Brent Apr'26 -0.5%

• Oil prices are lacklustre after retreating yesterday alongside the sell-off in risk assets and with participants looking ahead to US-Iran talks scheduled in Oman.

Gold: -0.5%

• Declined in early Asia-Pac trade alongside a 9% slump in silver prices, but then staged a recovery with both returning to near-flat territory.

Copper: -1.9%

• Remains subdued following a 2-day losing streak and global risk-off mood.

The rebound in gold and silver prices, following an early dip, suggests a temporary shift in sentiment among traders, potentially influenced by ongoing geopolitical considerations, particularly the upcoming US-Iran talks. While oil prices remain weak amid a broader risk-off environment, the recovery in precious metals could indicate traders are seeking safe-haven assets amidst uncertainty.