New Delhi, July 27 -- Gold and silver prices traded with modest gains on Monday, 27 July, as a pause in hostilities in the Middle East eased pressure on crude oil prices and tempered inflation concerns ahead of this week's US Federal Reserve policy meeting.

Comex gold futures rose $49 per troy ounce to an intraday high of $4,119, while Comex silver futures also recovered, gaining around $1.50 per troy ounce to $60.39. Both precious metals ended last week with gains of up to 4%, snapping a two-week losing streak.

Crude oil prices cooled sharply on Monday, with Brent crude futures falling nearly 10% intraday after the US paused its attacks on Iran for a third consecutive day. Iran also announced on Sunday that it had suspended its militar...