# Gold bounces to $3,950 as US-Iran agreement looms, eyes on US election

> Gold gained over 2% to about $3,954 as the US dollar weakened and crude prices fell on hopes of a diplomatic exit from the US-Iran conflict. The dollar index was down 0.27% at 101.68 and the 10-year Treasury yield fell to 4.871%.

- Date: 2026-11-02 · published 2026-11-03T00:45:39.569Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/76781-gold-bounces-to-3-950-as-us-iran-agreement-looms-eyes-on-us-election
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Falling oil prices and a softer dollar reduce inflation and energy cost pressure, which affects feed input economics. The move is a routine price update driven by the same energy and currency factors as other market wraps.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gold-rebounds-toward-4-000-as-iran-peace-hopes-sink-oil-us-dollar-202611021838

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