# Crude's Iran Rollercoaster Sends Gold to $4,100 | Nov 2-6, 2026

> During Nov. 2–6, crude oil prices fell sharply in two sessions as markets reacted to hopes of de-escalation in the Iran war. Soybeans and canola also weakened, with soybeans reaching a 2.5-month low and canola a four-month low; precious metals rose in parts of the week.

- Date: 2026-11-07 · published 2026-11-08T00:07:08.995Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/86595-crude-s-iran-rollercoaster-sends-gold-to-4-100-nov-2-6-2026
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude prices and harvest pressure weighed on oilseed markets, while the reported election and Iran-related swings point to elevated volatility rather than a lasting change in grain fundamentals.

## Read by commodity

- SOY: bearish ▼
- WTI: neutral

## Sources

- dailyboard.ca: https://www.dailyboard.ca/p/crudes-iran-rollercoaster-sends-gold-to-4100-nov-2-6

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