In Asian trade Tuesday, silver eased after a near 0.5% gain in the prior
session, trading around $57.40/oz. Oil fell on de-escalation hopes after
Washington paused strike operations and Iran's foreign ministry denied direct
talks with the US, saying only communications with Oman over the Strait of
Hormuz occurred. Softer oil relieved some inflation and rate-hike pressure,
offering support to the non-yielding metal. Market focus shifts to this week's
Fed policy decision; markets broadly expect officials to hold rates, though a
minority of traders still price an immediate hike amid persistent inflation
while consensus pushes any move toward September.
