Gold and silver face continued volatility following the technology equity sell-off, which heightened risk aversion and raised concerns over forced liquidation across financial markets. Democratic victories in the US midterm elections introduced uncertainty over fiscal policy, while Federal Reserve officials maintained hawkish rhetoric, emphasizing persistent inflation risks and the possibility of further tightening. A weaker dollar and declining crude prices could provide some relief by moderating inflation expectations and supporting non-yielding assets. However, renewed tanker attacks in the Strait of Hormuz and unresolved US-Iran negotiations sustain geopolitical uncertainty and potential safe-haven demand. Attention will shift towards upcoming US economic releases, Treasury yield movements and Federal Reserve commentary, while silver remains particularly sensitive to industrial demand expectations and broader equity market sentiment. Crude oil faces heightened volatility as Democratic control of Congress increases political pressure on President Trump to de-escalate the conflict with Iran. Expectations of reduced military intervention triggered substantial liquidation, reinforced by recovering Persian Gulf exports and improving regional supply availability. However, renewed tanker attacks across the Gulf and Strait of Hormuz revived concerns over maritime security, with shipping flows reportedly remaining below 60% of normal capacity. Iran's insistence on meeting seven conditions before reopening the strait complicates diplomatic negotiations despite Qatar's mediation efforts. Meanwhile, unexpectedly lower US crude inventories and declining distillate stocks provide fundamental support, although rising gasoline inventories indicate uneven product demand.