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Spot gold rose 0.2% to $3,934.75 per ounce early Tuesday as oil prices eased to their lowest in nearly four weeks on Iran and Ukraine peace talk hopes. Russia confirmed three-way peace talks with Ukraine and the US in Abu Dhabi for November 10-11, while Iran said it remained far from a deal with the US.
Lower oil reduces inflation worries and cuts expectations for prolonged high rates, which supports non-yielding bullion; the market also prices a 78% chance of a Fed hike in December. For feed buyers this is a macro-energy signal with limited direct grain impact.
au.investing.comNov 4, 2026After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
