New Delhi, April 22 -- Gold and silver gained over 1% on Wednesday, 22 April, as safe-haven demand strengthened after US President Donald Trump extended the ceasefire with Iran until Tehran presents a new proposal and negotiations are concluded.

COMEX gold futures rebounded by $70 per troy ounce to an intraday high of $4,790, recouping part of the $109 loss recorded in the previous session. Silver futures also jumped $2.14 to $78.63, recovering over half of the $3.55 decline in the prior session.

Donald Trump said in a statement on social media that the US had agreed to a request by Pakistani mediators "to hold our attack on the country of Iran until such time as their leaders and representatives can come up with a unified proposal . an...