New Delhi, April 15 -- Gold and silver prices held gains for the second session straight on Wednesday, April 15, amid renewed optimism that the US and Iran are working toward a negotiated resolution to the war, which helped ease inflation worries stemming from an energy supply shock.

COMEX gold rate today surged marginally higher to $4,855 per ounce in early trading after rising over 2% in the previous session. Meanwhile, the COMEX silver rate today also rose to $79 per ounce during the Asian trading hours on Wednesday.

According to a Bloomberg report, Washington and Tehran are working to schedule a second round of peace talks in the coming days, while US President Donald Trump indicated that negotiations could restart "within the next ...