Why are oil, gold and silver prices down today, and will Brent futures, US WTI crude and precious metals prices continue to drop or rise again? This question is being asked across commodity markets after oil and precious metals declined following developments involving the United States and Iran. Investors are also watching inflation data, interest rate expectations and global demand forecasts. Oil prices fell as concerns about military escalation eased. Gold and silver also moved lower as traders focused on inflation risks and the possibility of higher interest rates. These factors are shaping the outlook for commodities in the coming weeks.