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 الشروق التونسية
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الشروق التونسية

2026-11-09T17:04:24.000Z

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Oil slides as gold rises

Oil slides as gold rises

Oil prices fell on Monday, with Brent crude dropping more than 5% and West Texas Intermediate declining 2.74% to $88.34 a barrel, after U.S. President Donald Trump played down the likelihood of new attacks on Iran as negotiations made progress, despite continued attacks on ships in the Strait of Hormuz. Meanwhile, spot gold rose 1.2% to $4,120.74 an ounce, while U.S. gold futures gained 1.3% to $4,129.80. The drop in oil prices helped ease inflation concerns, as investors awaited U.S. data and signals on monetary policy.

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