Current Situation in Oil and Gold Prices

The possibility of the resumption of diplomatic processes between the US and Iran has increased risk appetite in energy markets and global financial markets. Oil prices started the new week with a decline of over 10%. Gold prices also rose.

The sharp decline in oil prices, a weakening dollar, and changes in the Fed's interest rate expectations drove gold prices higher. While the ounce of gold exceeded $4,100, gram gold also rose.

Geopolitical developments are being closely monitored. The temporary decline in tension between the US and Iran limited the risk perception in energy markets.