Precious metals markets are poised for heightened volatility following the collapse of diplomatic negotiations between the United States and Iran, a development that has unsettled global investor sentiment. Analysts expect gold and silver prices to react sharply as geopolitical risks intensify and macroeconomic indicators come into focus. Key triggers include inflation data, crude oil price movements, and signals from central banks, particularly the US Federal Reserve. In India, trading schedules will also be briefly disrupted due to a public holiday.