Why Gold and Silver Are Falling: Impact of Oil Prices and Global Sentiment

The recent dip in gold and silver prices is linked to a softer oil market. Brent crude futures for August delivery slipped to around USD 72.9 per barrel after a sharp correction in June. Traders are monitoring renewed dialogue between the United States and Iran, which eases worries about supply disruptions in West Asia. As oil prices recede, risk appetite improves, reducing demand for safe‑haven assets such as gold and silver. This shift in sentiment is a key driver behind the current bullion correction.