New Delhi, April 14 -- Gold and silver prices saw up to 1% rise on Tuesday, April 14, after a two-day slide, led by growing optimism that a negotiated resolution to the US-Iran war could ease inflation concerns.

COMEX gold rate today was up 0.65%, trading near $4,800 per ounce, recovering most of the 0.6% decline seen over the prior two sessions. Meanwhile, the COMEX silver rate today surged nearly 1% to $76.49 per ounce during the Asian trading hours on Tuesday.

Despite the US initiating a naval blockade of the Strait of Hormuz, President Donald Trump said Iranian officials had reached out to his administration expressing a willingness "to work a deal."

Meanwhile, Iranian President Masoud Pezeshkian was quoted as saying by Bloomberg t...