Oil prices tumbled more than 5% as tensions in the Middle East eased, with Brent around $91.7 and WTI near $84.5, cooling inflation fears and prompting expectations that the Federal Reserve may pause rate hikes. Gold rebounded, trading around $4,100 per ounce, as softer oil prices reduced inflation worries and supported safe-haven demand, while silver rose about 2.7% to roughly $59.7 and other precious metals followed higher. Markets also noted a diplomatic pause between the US and Iran, which tempered risk sentiment and fed expectations of a potentially less aggressive path for interest rates. Investors are positioned for a data-heavy week, including central-bank meetings from the Fed, BoE, and BoJ, and key US and European inflation and growth figures that could sway policy expectations. The broader commodity complex remained mixed, with safe-haven demand supporting gold and silver despite oil’s declines, and ongoing energy-price dynamics influencing inflation outlooks.