In a market that reflected growing optimism over a potential end to the Iran conflict, West Texas Intermediate (WTI) crude fell 3.30 USD to $100.82, while Brent crude slipped 3.08 USD to $110.35. The dip was driven by expectations that Qatari‑led diplomatic efforts could bring a cease‑fire, easing geopolitical tensions that have kept energy prices high.
Gold rallied to $3,903.83 per ounce, its highest level of the week, climbing 28.28 USD (0.73 %). Silver also advanced, trading at $50.388 per ounce, up 1.111 USD (2.26 %). Copper edged up 0.0457 USD to $6.5278 per pound, and aluminum rose 11.60 USD to $3,071.30 per ton.
Natural gas prices, however, slipped slightly, falling 0.003 USD to $2.895 per MMBtu. The broader market sentiment remains cautious, but the positive tone around the Qatari negotiations has helped temper the rally in energy and commodity markets.
Investors will watch the next round of talks closely, as any breakthrough could further influence commodity prices and global risk appetite.