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Oil Drops by About 4% and Gold Recovers Amid Hopes for a Breakthrough in the Iran War

November 2, 2026اقتصاد – الشروق أونلاينechoroukonline.com
Oil Drops by About 4% and Gold Recovers Amid Hopes for a Breakthrough in the Iran War

Oil prices fell by about 4 percent during trading on Monday, amid growing hopes for progress in talks aimed at ending the American-Zionist war on Iran, while gold rebounded from its lowest level in a year, benefiting from falling crude prices and the potential easing of inflationary pressures, according to two reports from Reuters. Brent crude futures fell by $4.20, or 3.7 percent, to $109.23 a barrel by 9 a.m. GMT, while West Texas Intermediate crude dropped by $3.98, or 3.8 percent, to $100.14. View the full content on Echourouk Online.

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