Gold and Silver Rebound After Trump Delays Iran Energy Strikes

Mar 23, 2026 11:47 UTC

GC=F, SI=F, CL=F, ^VIX

Immediate term

A postponement of U.S. military action against Iran's energy infrastructure led to a relief rally in gold and silver markets, reversing earlier losses. The move eased geopolitical tensions and reduced safe-haven demand.

President Trump delayed military strikes against Iran's energy facilities
Gold (GC=F) and silver (SI=F) recovered from earlier losses
Safe-haven demand weakened after the postponement
Crude oil (CL=F) showed minimal movement amid reduced supply risk
CBOE Volatility Index (^VIX) declined as risk sentiment improved

Gold and silver prices rebounded Monday morning following President Trump's decision to delay planned military strikes on Iran's energy infrastructure. The postponement significantly reduced near-term geopolitical risk, prompting investors to unwind safe-haven positions in precious metals. The recovery followed sharp losses earlier in the day, as markets had priced in the potential for conflict escalation. With the immediate threat of military action receding, demand for gold (GC=F) and silver (SI=F) as hedges declined, leading to a shift in sentiment across commodity markets. The broader energy sector also reacted, with crude oil futures (CL=F) showing muted movement as the risk of supply disruptions receded. Meanwhile, the CBOE Volatility Index (^VIX) eased from elevated levels, reflecting reduced market anxiety. The development underscores how rapidly commodity prices can shift in response to high-level geopolitical decisions, particularly in volatile regions like the Middle East.