# Commodity Corner: Oil, gold extend losses on peace hopes, hawkish Fed signals

> Brent fell $1.14 to $91.62 a barrel and WTI fell $1.04 to $85.49 on hopes of progress in Middle East and Russia-Ukraine peace talks. Gold extended losses after hot US inflation data and hawkish Fed comments reinforced expectations of a December rate hike. The dollar held near a one-month high.

- Date: 2026-11-12 · published 2026-11-12T03:12:53.834Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/94852-commodity-corner-oil-gold-extend-losses-on-peace-hopes-hawkish-fed-signals
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude prices ease energy-driven inflation, while rate-hike expectations and a stronger dollar pressure gold, so the moves reflect macro drivers rather than feed supply.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-04-25 | [Fed’s hawkish stance keeps commodity markets under pressure](https://feedsoft.ai/events/41759-fed-s-hawkish-stance-keeps-commodity-markets-under-pressure.md) | +2.8% | +6.8% |
| BRENT | 2025-09-30 | [Oil Prices Extend Losses On Growing Oversupply Fears](https://feedsoft.ai/events/23040-oil-prices-extend-losses-on-growing-oversupply-fears.md) | -3.2% | -4.3% |
| BRENT | 2023-06-29 | [The Commodities Feed: Hawkish Fed comments weigh on the complex \| articles \| ING THINK](https://feedsoft.ai/events/35414-the-commodities-feed-hawkish-fed-comments-weigh-on-the-complex-articles-ing.md) | +3.9% | +12.3% |
| BRENT | 2023-03-07 | [Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider](https://feedsoft.ai/events/36780-oil-and-gold-prices-slump-as-powell-signals-further-rate-hikes-to-come-markets.md) | -6.7% | -0.8% |
| BRENT | 2020-02-26 | [Oil extends losses as coronavirus outbreak accelerates outside China \| S&P Global](https://feedsoft.ai/events/7114-oil-extends-losses-as-coronavirus-outbreak-accelerates-outside-china-s-and-p.md) | -5.6% | -53.2% |
| WTI | 2025-09-30 | [Oil Prices Extend Losses On Growing Oversupply Fears](https://feedsoft.ai/events/23040-oil-prices-extend-losses-on-growing-oversupply-fears.md) | -2.8% | -3.3% |
| WTI | 2023-04-21 | [Commodity Weekly: April losses led by grains and industrial metals \| Saxo](https://feedsoft.ai/events/10364-commodity-weekly-april-losses-led-by-grains-and-industrial-metals-saxo.md) | -3.2% | -7.0% |
| WTI | 2023-03-07 | [Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider](https://feedsoft.ai/events/36780-oil-and-gold-prices-slump-as-powell-signals-further-rate-hikes-to-come-markets.md) | -7.1% | -0.0% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/commodities/commodity-corner-oil-gold-extend-losses-on-peace-hopes-hawkish-fed-signals-14077384.html

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