Noticed something interesting this week—gold and silver mining stocks are having a solid run. Blue Gold and Orla Mining jumped over 4%, while names like Equinox Gold, Fortuna Silver Mines, and Pan American Silver are up 2%+. The broader gold and silver complex is moving too, with spot gold hitting around $4,795 per ounce and silver pushing toward $78.

Looks like geopolitical tensions are playing a role here. Word is the US and Iran are heading back to Islamabad this week for another round of talks, and Pakistan's foreign ministry confirmed they're hosting. Whenever there's uncertainty in the Middle East, precious metals tend to catch a bid—it's the classic safe-haven trade.

If these negotiations drag on or hit bumps, I'd expect gold and silver to stay supported. Worth keeping an eye on how both the talks and the metals move over the next week or two.