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Spot gold rose 0.7% to $3,900.90 an ounce on Monday after a 3.5% selloff the previous session that took it below $4,000 to its lowest since October 2025. Oil fell more than 3% as Iran-Qatar talks continued, and investors weighed Fed comments.
Softer oil lowers inflation and rate-hike expectations, which eases dollar strength and supports the broader commodity complex, although the drop in gold reflects forced selling rather than a fundamental shift for feed inputs.
ae.marketscreener.comReutersNov 2, 2026
english.aawsat.comAsharq Al AwsatNov 2, 2026
cnbc.comReutersNov 2, 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.
