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Gold and silver rallied as oil prices slid on reports of US-Iran peace talks. Iranian sources told Reuters of a new US attack, adding to uncertainty over the talks.
Lower crude prices reduce energy and fertiliser cost pressure and ease biofuel and freight economics, pushing feed-related commodity prices lower. Any collapse of talks could reverse this.
beincrypto.comLockridge OkothNov 2, 2026After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
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.
