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Oil and gold fell on October 29 as traders assessed diplomatic efforts to avert renewed US strikes on Iran. Brent dropped toward $114 and WTI was near $102, while spot gold slipped 0.3% to $4,053.90 after the Fed held rates steady.
Easing Middle East tension reduces the near-term risk premium in crude, which feeds diesel and fertiliser costs for feed producers. A firmer dollar from Fed hike expectations also weighs on dollar-priced commodities.
tradingview.comOct 29, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
