Oil and gold fall amid de-escalation hopes

Oil and gold prices declined today, Monday, as investors awaited the results of diplomatic efforts to ease tensions between the United States and Iran, amid ongoing regional tensions. Brent crude oil fell by 2.12% to reach $101.62 per barrel, while West Texas Intermediate decreased by 2.27% to $93.97. Gold also dropped by 0.51% to $4,355.06 per ounce, amid expectations of increased global monetary policy tightening. These declines come amidst escalating tensions between Iran and the U.S., with exchanges of threats between the two sides, while data indicates that Saudi Arabia's oil exports have risen to over 4 million barrels per day since September.

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