New Delhi, July 20 -- Gold and silver prices remained volatile on Monday, 20 July, as escalating clashes between the US and Iran over the weekend were followed by reports of renewed diplomatic efforts, leaving the near-term outlook for precious metals uncertain.

Investors also continued to assess the evolving conflict and its implications for crude oil prices, inflation, and global monetary policy.

While geopolitical uncertainty typically supports safe-haven demand, the renewed tensions have also increased the likelihood of the US Federal Reserve keeping interest rates higher for longer, limiting the upside in gold and silver after their brief recovery earlier this month.

After declining 2.13% last week and extending its losing streak ...