Gold and silver prices could extend their long-term bullish trend as global uncertainty begins to fade, according to market watchers.

Global markets turned cautious on Tuesday as renewed hostilities between the United States and Middle East forces rattled investor confidence and reignited concerns over energy security and shipping routes.

Concerns over exposure to private credit markets have resurfaced during European bank earnings season, as lenders move to reassure investors about potential spillover risks.

European stocks traded mixed on Tuesday as investors weighed geopolitical developments involving a U.S. peace proposal and digested a wave of corporate earnings across the region.

U.S. Treasury yields were little changed on Thursday.

Treasury yields moved slightly higher on Tuesday as investors reacted to geopolitical uncertainty and awaited key developments from Washington policy discussions.

The European Central Bank is heading into its upcoming meeting with markets increasingly uncertain about the future direction of interest rates, as traders price in a potential pause in April followed by further tightening later in the year.

Oil prices moved lower on Tuesday after the International Energy Agency warned that “demand destruction will spread” as ongoing disruptions and elevated prices begin to weigh on global consumption.

Asia-Pacific markets traded lower on Thursday as investors digested concerns over a fragile ceasefire deal involving the United States.

Global markets surged on Tuesday after an unexpected ceasefire agreement was announced, easing tensions in a major geopolitical hotspot.