Commodity markets traded mixed on November 3, with oil prices steady after their biggest slump in over three months amid hopes of US-Iran peace talks, while gold held steady after posting its biggest single-day gain in two months.
Oil steadied after its biggest slump in more than three months, with the US and Iran signaling a willingness to pursue peace talks as the war in the Middle East enters its ninth month.
West Texas Intermediate traded near $96 a barrel after sinking 7.4% on Monday. Brent closed below $105.
Gold was steady, after jumping the most in two months on Monday as hopes of a breakthrough in US-Iran peace talks sent oil prices plunging and eased anxiety over accelerating inflation.
Bullion traded above $3,950 an ounce, after climbing 1.9% in the previous session.