# Precious metals slip as volatile oil keeps inflation and rate worries alive

> Gold and silver gave back part of the prior session's gains as oil swings revived inflation and rate worries. The US 2-year yield rose to 4.59% and the VIX climbed to 21.15 on 2 November.

- Date: 2026-11-03 · published 2026-11-04T00:19:19.211Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/78691-precious-metals-slip-as-volatile-oil-keeps-inflation-and-rate-worries-alive
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Volatile crude keeps inflation expectations high and the Fed cautious, which weighs on non-yielding assets and supports the dollar. For feed buyers the signal is mainly through energy costs and currency moves rather than direct grain demand.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-10-17 | [Oil steady as recession woes counter positive Chinese signals](https://feedsoft.ai/events/39285-oil-steady-as-recession-woes-counter-positive-chinese-signals.md) | -0.7% | +3.7% |
| WTI | 2022-02-02 | [Record euro zone inflation piles pressure on ECB \| Reuters](https://feedsoft.ai/events/9873-record-euro-zone-inflation-piles-pressure-on-ecb-reuters.md) | +1.3% | +25.5% |
| WTI | 2022-03-15 | [Hedge funds slash oil positions amid extreme volatility](https://feedsoft.ai/events/5998-hedge-funds-slash-oil-positions-amid-extreme-volatility.md) | +8.7% | -8.6% |
| WTI | 2022-10-17 | [Canadian dollar gains as investors weigh high inflation expectations - The Globe and Mail](https://feedsoft.ai/events/39353-canadian-dollar-gains-as-investors-weigh-high-inflation-expectations-the-globe.md) | -0.7% | +3.7% |
| WTI | 2026-10-26 | [Rupee falls for third straight session, ends at 95.19 as oil prices and importer demand weigh](https://feedsoft.ai/events/17312-rupee-falls-for-third-straight-session-ends-at-95-19-as-oil-prices-and-importer.md) | -3.2% | — |
| BRENT | 2022-10-17 | [Oil steady as recession woes counter positive Chinese signals](https://feedsoft.ai/events/39285-oil-steady-as-recession-woes-counter-positive-chinese-signals.md) | +0.8% | +4.6% |
| BRENT | 2022-03-15 | [Hedge funds slash oil positions amid extreme volatility](https://feedsoft.ai/events/5998-hedge-funds-slash-oil-positions-amid-extreme-volatility.md) | +9.5% | -9.6% |
| BRENT | 2024-01-04 | [Oil prices remain volatile amid uncertainty arising from geopolitical conflict](https://feedsoft.ai/events/32316-oil-prices-remain-volatile-amid-uncertainty-arising-from-geopolitical-conflict.md) | -0.1% | +6.0% |

## Sources

- aephel.com: https://www.aephel.com/research/news/2026-11-03-precious-metals-slip-as-volatile-oil-keeps-inflation-and-rate

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