Gold & Precious Metals News

Gold & Precious Metalsa day ago

US Crude Inventories Fall 865,000 Barrels in Latest EIA Report

US crude oil inventories declined by approximately 865,000 barrels in the week ending 30 October 2026, according to the Energy Information Administration data reported on 4 November and listed by FXStreet. The draw contrasted with a roughly 0.9 million-barrel increase expected on that calendar, while distillate inventories declined by around 3.565 million barrels. The inventory change is a physical US stock measure, not a measure of the separate oil-price drop linked to Iran-war expectations.

WTI CRUDE OILBRENT CRUDE OIL

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Gold & Precious Metalsa day ago

Gold Climbs Near $4,135 as Dollar and Treasury Yields Ease

Spot gold climbed about 1.9% to $4,134.83 an ounce by 03:16 GMT on 5 November, according to Reuters, touching its highest level since 22 October. US December gold futures gained about 1.8% to $4,144.20. Bullion had climbed about 3.4% in the previous session, supported by a weaker dollar and lower US Treasury yields following the Democratic sweep of the US midterm elections. These are timestamped market quotes, not confirmed daily closing prices.

GOLD / USDUS DOLLAR INDEXUS 10-YEAR TREASURY YIELD

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Gold & Precious Metalsa day ago

Oil Plunges 8.7% as US Midterms Raise Hopes of Iran War Exit

Brent futures fell $8.98, or 8.7%, to settle at $94.62 a barrel on 4 November 2026, while WTI declined $7.97, or 8.3%, to $88.12. Both benchmarks closed at their lowest level since 31 August, according to Reuters. Investors weighed whether Democratic control of Congress would increase pressure on President Donald Trump to negotiate an end to the US-Israeli war with Iran. The sell-off is a market reaction to changing expectations, not confirmation of a peace agreement.

BRENT CRUDE OILWTI CRUDE OIL

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Gold & Precious Metals4 days ago

Brent Retreats About 2.6% as Iran Diplomacy Headlines Ease Supply Fears

The report gives indicative Brent around $114.03 on the morning of 2 November, about 2.65% below its previous quoted close, while WTI was around $101.56. It links the move to optimism about Qatar-mediated Iran discussions. This is a time-specific CFD snapshot, not a validated exchange closing price.

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Gold & Precious Metals4 days ago

OPEC+ Maintains December Oil Output Requirements

Seven OPEC+ participants—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman—said after their 1 November 2026 virtual meeting that they would maintain September 2026 required production levels for December 2026. The next meeting is scheduled for 29 November. This is a production-policy decision, not a statement that all global OPEC+ output will be unchanged.

BRENT CRUDEWTI CRUDE

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Gold & Precious Metals4 days ago

Silver Slides Below $50 Amid Precious-Metals Liquidation

The report says silver fell approximately 6% on 30 October and broke below $50 before recovering to about $50.14 in its 2 November morning snapshot. The reported move occurred alongside a sharp gold decline.

SILVER / US DOLLAR

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Gold & Precious Metals4 days ago

Gold Slips Below $3,900 in Sharp Late-October Liquidation

The MultiFi report says gold fell about 3.5% on Friday 30 October to below $3,900, described as a one-year low, as technology-related selling and interest-rate expectations pressured bullion. Its 2 November morning snapshot shows gold rebounding near $3,906. These are indicative, time-specific levels.

GOLD / US DOLLAR

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Gold & Precious Metals6 days ago

Brent Settles at $117.64 as October Oil Rally Extends

December Brent crude futures settled at $117.64 per barrel on 30 October 2026, up $2.76 or 2.4% on the day. WTI settled at $104.12, up $2.12 or 2.08%. Market reports linked the rally to renewed fears of Middle East supply disruptions and potential further US-Iran escalation; these are risk concerns rather than confirmed future military actions. Contract months matter when comparing prices.

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Gold & Precious Metals6 days ago

Reuters Poll Raises 2026 Brent Forecast to $92.88 Amid Supply Risks

A Reuters survey of 32 economists and analysts raised the expected average Brent crude price for 2026 to $92.88 per barrel from $89.05 in the previous poll. The corresponding WTI forecast rose to $86.60 from $83.90. These are analyst forecasts, not observed spot prices.

BRENT CRUDE OILWTI CRUDE OILUS DOLLAR / CANADIAN DOLLAR

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Gold & Precious Metals6 days ago

Armed Group Shuts Libya's Hamada–Zawiya Oil Pipeline, Threatening 15,000 Bpd

Libya's National Oil Corporation (NOC) said on 30 October 2026 that an armed group closed a valve on the 18-inch Hamada–Zawiya crude pipeline in the Rayayna area, forcing operators to stop pumping after pressure rose sharply. The line supplies crude from the Hamada and Tahara fields to the Zawiya refinery. NOC warned that a sustained shutdown could disrupt about 15,000 barrels per day of crude destined for the refinery. This is a new incident, separate from a similar closure on 22 October. The 15,000-bpd figure is the operator's estimate of potential supply loss, not a verified nationwide production loss.

BRENT CRUDE OILWTI CRUDE OIL

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Gold & Precious Metals15 days ago

Gold Hits Two-Week Low as Oil-Fuelled Inflation Fears Weigh

Reuters reported spot gold down 1.4% to $4,081.89 an ounce on 22 October, a more-than-two-week low. Rising oil prices and concerns over persistent inflation reinforced expectations of tighter US monetary policy, weighing on non-yielding bullion.

XAUUSDXAGUSDDXY

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Gold & Precious Metals15 days ago

Oil Jumps Above $111 as New Houthi Attacks Hit Saudi Arabia

Reuters reported Brent crude at $111.64 a barrel at 06:26 GMT on 22 October, up $2.82, or 2.59%, as fresh Houthi attacks on Saudi targets intensified supply concerns. WTI rose to $99.39. The reported attacks included a civilian airport in Dammam and a Saudi oil field.

UKOILUSOIL

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Gold & Precious Metals21 days ago

IEA Accelerates Remaining 100 Million Barrels of Emergency Oil Releases

The International Energy Agency said on October 15 that members had released approximately 330 million barrels under their March 2026 collective action and agreed to accelerate the remaining releases of around 100 million barrels. Plans include more than 20 million barrels of diesel as soon as possible. The IEA expects total releases to exceed the original 400 million-barrel pledge.

BRENT CRUDE OIL

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Gold & Precious Metals22 days ago

Gold Bounces from One-Week Lows as Treasury Yields and Greenback Retreat

Spot gold rebounded over 1% toward $4,158 per ounce on Thursday, recovering from a one-week low recorded after an initial sell-off triggered by hotter-than-anticipated U.S. inflation data. The turnaround was propelled by a pullback in benchmark U.S. Treasury yields and profit-taking across the U.S. Dollar Index.

GOLD SPOT · XAU/USDUS DOLLAR INDEX

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Gold & Precious Metals23 days ago

IEA Warns Diesel Shortages Could Persist Into 2027

Diesel supply constraints could persist into 2027, the International Energy Agency said in its October oil-market report, according to Reuters on 14 October. The agency expects refinery operations to recover towards year-end and replenish stocks, but said that recovery would not offset the deficit accumulated during 2026. It estimated combined diesel-export losses from the Middle East and Russia at 1.3 million barrels per day in September.

BRENT CRUDE OIL

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Gold & Precious Metals23 days ago

Goldman Sachs Reports Q3 Earnings of $17.01 per Share

Goldman Sachs reported third-quarter net revenues of $18.68 billion and net earnings of $5.29 billion on 13 October. Diluted earnings were $17.01 per share, and annualised return on average common shareholders’ equity was 18.7%, the bank said in its official release. Separately, Reuters reported a 72% year-on-year increase in equities revenue. These are quarterly operating results, rather than a forecast for future trading performance.

GOLDMAN SACHS

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Gold & Precious Metals24 days ago

Oil Retreats as Russia Signals More Diesel Supply; Energy Truce Remains Unconfirmed

Brent futures fell 1.2% to $105.34 and WTI 1.3% to $92.48 at 02:55 UTC on 13 October, Investing.com reported. Russia’s Alexander Novak said diesel exports could recover. Separately, Zelensky said Russian strikes hit at least six energy targets on 12 October; the Kremlin said talks continued.

ENERGYRUSSIABRENT FUTURES

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Gold & Precious Metals25 days ago

OPEC Chief Puts 2026 Oil Demand Growth at 400,000 bpd

OPEC Secretary General Haitham Al Ghais said its 2026 oil-demand growth forecast had been reduced to 400,000 barrels per day from 1.4 million at the start of the year, Reuters reported on 12 October. He expected deferred demand to materialise in 2027.

BRENT CRUDE OIL

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Gold & Precious Metals25 days ago

Gold Edges Higher as Traders Await US Inflation Data

Spot gold rose 0.1% to $4,198.19 per ounce at 04:32 UTC on 12 October, Reuters reported. Softer oil and dollar conditions supported bullion as investors awaited Wednesday’s US inflation data. This updates Piplix’s existing gold coverage; it does not establish a sustained breakout above $4,200.

GOLD EDGESUS INFLATION DATATRADERS

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Gold & Precious Metals25 days ago

Oil Falls on Russia–Ukraine Energy Truce Hopes

Brent futures fell 1.47% to $103.18 a barrel and WTI fell 1.68% to $90.31 at 01:54 UTC on 12 October, Reuters reported. Traders assessed Trump’s energy-ceasefire announcement and possible Russian supply gains. Kyiv and Moscow had not immediately confirmed the agreement.

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Gold & Precious Metals28 days ago

US Embassy in Jordan Warns of Escalation After Houthi Attacks on Saudi Airports

The US Embassy in Amman urged Americans in the Middle East to remain vigilant amid escalating security risks, warning of potential flight cancellations, airspace closures and threats to US-linked interests. Its alert refers to Houthi attacks on Saudi civilian airports and infrastructure that caused casualties. Separately, reporting on the attacks confirmed deaths and widespread airline disruption. The embassy alert itself does not establish a new oil-supply disruption or a measured market reaction.

BRENT CRUDE OILGOLD · XAU/USD

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Gold & Precious Metals28 days ago

China Set to Resume October Fuel Exports, Sources Say

China is set to resume refined-fuel exports following a brief holiday-period halt, Reuters reported on 9 October, citing four traders. Two other industry participants put approved October shipments at about 3.7 million tonnes. Government ministries had not immediately commented. This is a material update to Piplix’s existing export-suspension story; approval should not be confused with completed shipments or guaranteed delivery to buyers.

BRENT CRUDE OILCHINA

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Gold & Precious Metals28 days ago

Gold Gains as Dollar and Treasury Yields Ease

Spot gold rose 1.1% to $4,177.44 per ounce at 03:53 UTC on 9 October, Reuters reported, alongside a softer dollar and easing Treasury yields. Silver also advanced. The recovery does not establish a lasting reversal in bullion’s recent weakness. These are intraday observations, and upcoming economic data could change interest-rate expectations and the market backdrop.

GOLD · XAU/USD

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Gold & Precious Metals28 days ago

Oil Falls as Trump’s Iran Pledge Eases Supply Concerns

Brent futures fell 1.3% to $102.91 a barrel and WTI declined 1.2% to $90.40 at 04:50 UTC on 9 October, Reuters reported. The retreat followed President Donald Trump’s pledge to avoid attacking Iran before the US midterm elections. The quoted prices are a timestamped market snapshot, not closing settlements or live prices.

BRENT FUTURESIRAN PLEDGEOIL FALLS

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Gold & Precious Metals30 days ago

Yemen Says Aden Airport Attack Forces Cairo Flight to Divert

Yemen’s Transport Ministry said Houthi forces attacked Aden International Airport with ballistic missiles and explosive-laden drones. One missile landed near the runway shortly before a Cairo flight was due to land, forcing authorities to divert the aircraft to Jeddah.

BRENT CRUDE OIL

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Gold & Precious Metals30 days ago

China Extends Gold Buying to 23rd Month as September Holdings Rise

China’s central bank increased its gold holdings in September for the 23rd consecutive month, reaching 77.47 million fine troy ounces. The continued purchases highlight Beijing’s ongoing effort to diversify its foreign-exchange reserves amid global financial uncertainty.

GOLD · XAU/USD

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Gold & Precious Metalsa month ago

Investigation Finds Over 176,000 Tonnes of Fuel Shipped from South Korean Ports to Russia

An investigation found that more than 176,000 tonnes of fuel, mainly diesel, were shipped from South Korean ports to Russia in July and August. Seven tankers made 14 voyages, including vessels under UK and EU sanctions, raising concerns about gaps in sanctions enforcement.

INVESTIGATIONSOUTH KOREAN PORTSRUSSIA

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Gold & Precious Metalsa month ago

UANI Reports at Least 50 Oil-Laden Tankers Near Iran Under US Blockade

At least 50 tankers carrying Iranian oil were operating along Iran's coastline, according to United Against Nuclear Iran's shipping update dated 5 October. Bloomberg reported the findings on 6 October and said the number was broadly unchanged from two months earlier. Cargoes include crude, petroleum products and LPG. Separately, UANI listed 20 empty Iranian-flagged tankers off Sri Lanka. The report describes continuing shipping constraints rather than a newly announced blockade or a verified fresh supply loss.

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Gold & Precious Metalsa month ago

G7 and EU Coordinate 100 Million-Barrel Emergency Oil and Fuel Reserve Release

G7 and European Union countries are coordinating the release of about 100 million barrels from emergency oil and fuel reserves. The move aims to ease supply pressures and stabilise energy markets amid ongoing concerns over global oil disruptions.

BRENT CRUDE OILWTI CRUDE OIL

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Gold & Precious Metalsa month ago

Saudi Aramco Unexpectedly Cuts November Asia Crude Prices to Six-Year Lows

Saudi Aramco has unexpectedly cut its November crude prices for Asian buyers to six-year lows. The move signals weaker pricing conditions in the region and reflects changing expectations for oil demand and market competition.

BRENT CRUDE OILSAUDI ARAMCO

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