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Spot gold and silver rose on Monday, recovering from steep Friday losses, as crude oil fell more than 7% on reports of renewed US-Iran negotiations. ISM manufacturing rose to 55.5 in October, while expectations for further Federal Reserve tightening persisted.
Lower crude eases energy-driven inflation concerns, which reduces expected Fed tightening and supports metals. For feed buyers, the drop in energy costs and diesel is a modest relief on freight and processing costs.
kitco.comKitco NewsWireNov 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.
