# Commodity Corner: Oil, gold slip as middle east diplomacy, Fed rate outlook weigh on sentiment — TradingView News

> 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.

- Date: 2026-10-29 · published 2026-10-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/17039-commodity-corner-oil-gold-slip-as-middle-east-diplomacy-fed-rate-outlook-weigh
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- tradingview.com: https://www.tradingview.com/news/moneycontrol:55180764a094b:0-commodity-corner-oil-gold-slip-as-middle-east-diplomacy-fed-rate-outlook-weigh-on-sentiment/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.