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Gold (XAUUSD) & Silver Price Forecast: Truce Eases Tensions — Will $4500 Hold or Collapse?

By FXEmpire May 05, 2026 Bearish
Gold (XAUUSD) & Silver Price Forecast: Truce Eases Tensions — Will $4500 Hold or Collapse?
Gold and silver eased after a conditional US-Iran truce reduced immediate Hormuz disruption fears. While central bank buying, especially from China, continues to provide underlying support, both metals remain trapped in descending channels.
Tickers: AAAUBARDBPDGLGLDGLDMIAUOUNZSGOLSILSILJSIVRSLVSLVPUGL
Gold and silver eased after a conditional US-Iran truce reduced immediate Hormuz disruption fears. While central bank buying, especially from China, continues to provide underlying support, both metals remain trapped in descending channels.