New Delhi, April 22 -- Gold and silver prices rebounded on Wednesday, April 22, breaking a two-day losing streak by rising up to 1.8%, after Donald Trump extended the ceasefire with Iran, even as hopes for a fresh round of peace talks collapsed.

COMEX gold rate today surged nearly 1% to $4,768 per ounce, after falling more than 2% in the previous session. Meanwhile, the COMEX silver rate today retreated 1.8% to $77.80 per ounce during the Asian trading hours on Wednesday.

Gold has fallen by more than 10% since the start of the US-Iran war, although it has been moving within a relatively narrow range in recent weeks. In contrast, silver has declined more sharply, dropping nearly 17% over the same period.

Donald Trump said he would delay...