Brent crude fell to $114.71 and West Texas Intermediate fell to $101.99. Spot gold dropped 0.3% to $4,053.90, with oil and gold both retreating in early Asian trading on October 29. Iranian Foreign Minister Abbas Araghchi said Tehran remained open to giving negotiations a chance, while the U.S. Wall Street Journal reported that Vice President James David Vance had contacted the head of Iran’s top security body.
The risk premium is the extra amount markets pay upfront for the possibility of supply disruptions. With a glimmer of hope for negotiations, some of that premium has already come off. Brent crude is up 11% this month, while gold is down 2.5%: easing geopolitical tensions are weighing on oil prices, while expectations of a December rate hike rose to 86% after the U.S. Federal Reserve held steady, and higher yields are pressuring gold. If negotiations collapse, the pullback could reverse in a day, and short sellers could get burned too.
#原油 #Gold
The risk premium is the extra amount markets pay upfront for the possibility of supply disruptions. With a glimmer of hope for negotiations, some of that premium has already come off. Brent crude is up 11% this month, while gold is down 2.5%: easing geopolitical tensions are weighing on oil prices, while expectations of a December rate hike rose to 86% after the U.S. Federal Reserve held steady, and higher yields are pressuring gold. If negotiations collapse, the pullback could reverse in a day, and short sellers could get burned too.
#原油 #Gold