Gold, silver rates today nosedive up to 5% as crude oil price soars after escalation in the US-Iran war

Gold and silver prices plummeted following the escalation of the US-Iran war, with Iran firing missiles at a US warship. The surge in WTI crude oil prices fueled speculation of further interest rate hikes by the US Federal Reserve, leading to increased volatility in the bullion markets. Experts predict gold at $4,500-$4,600 and silver at $68-$78.