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Gold & Precious Metals News

Latest gold and precious metals news from Vera Desk. Real-time XAUUSD coverage with Narrative Risk Score.

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November 5
Gold & Precious Metals

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
Gold & Precious Metals

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
Gold & Precious Metals

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
November 2
October 31
Gold & Precious Metals

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.

BRENT CRUDE OILWTI CRUDE OIL
Gold & Precious Metals

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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