Global Finance News
05 Nov 2026, 09:14
Gold Extends Rally While Brent Rebounds After Sharp Selloff
Gold and Brent crude both moved higher on Thursday, although the two markets were reacting to different forces.
Gold futures rose about 1.5% to $4,135 an ounce, extending the previous session’s strong advance. The move comes after gold surged alongside a softer U.S. dollar and lower Treasury yields, conditions that typically support non-yielding bullion. Safe-haven demand also remains elevated amid geopolitical uncertainty.
Brent crude futures climbed about 0.7% to $95.31 a barrel, recovering part of the previous session’s steep decline. Oil had fallen sharply as signs of possible diplomacy involving Iran reduced fears of prolonged supply disruption in the Middle East.
The rebound in Brent suggests some stabilization after the selloff, but crude remains sensitive to any change in geopolitical expectations or supply risk.
Gold, meanwhile, continues to benefit from a more supportive macro backdrop, with softer yields and persistent geopolitical uncertainty reinforcing demand for defensive assets.
The divergence remains notable: oil is attempting to recover from a geopolitically driven collapse, while gold is holding near elevated levels as investors continue to seek protection against uncertainty.
Gold and Brent crude both moved higher on Thursday, although the two markets were reacting to different forces.
Gold futures rose about 1.5% to $4,135 an ounce, extending the previous session’s strong advance. The move comes after gold surged alongside a softer U.S. dollar and lower Treasury yields, conditions that typically support non-yielding bullion. Safe-haven demand also remains elevated amid geopolitical uncertainty.
Brent crude futures climbed about 0.7% to $95.31 a barrel, recovering part of the previous session’s steep decline. Oil had fallen sharply as signs of possible diplomacy involving Iran reduced fears of prolonged supply disruption in the Middle East.
The rebound in Brent suggests some stabilization after the selloff, but crude remains sensitive to any change in geopolitical expectations or supply risk.
Gold, meanwhile, continues to benefit from a more supportive macro backdrop, with softer yields and persistent geopolitical uncertainty reinforcing demand for defensive assets.
The divergence remains notable: oil is attempting to recover from a geopolitically driven collapse, while gold is holding near elevated levels as investors continue to seek protection against uncertainty.
