Gold rebounds from one-year low; oil slides on Iran talks
The news of Monday 2 November 2026 · Read more
Gold is climbing back from a one-year low as dip buyers step in, though the daily trend remains down. Oil is weaker as diplomatic efforts on Iran continue, and Bitcoin holds firm after a record six billion dollar Binance hack. CNBC reports the dollar is rangebound ahead of the US midterms, with the ISM manufacturing survey the key data point today.
Welcome to Venor News, London Edition. I'm Gracy Skai.
Gold is climbing back from its lowest level in a year.
Oil is down, and CNBC reports talks on ending the Iran war continue.
Bitcoin is holding its ground after a record exchange hack.
CNBC reports the dollar is rangebound ahead of the US midterms.
First, currencies. Euro-dollar is up 0.2 percent, and the pound is a touch firmer. Dollar-yen has edged up 0.12 percent. The Aussie dollar is the weakest major, down 0.15 percent. The dollar itself is holding in a narrow range.
Our number of the day: 93 percent. That's how much of a normal day's range euro-yen has already covered.
Gold is the story. It is up 0.86 percent since yesterday's close, at 3,908 dollars, and up 0.62 percent this week. Bloomberg reports gold is climbing back from a one-year low, with dip buyers arresting the slide. The daily trend is still down, with sellers in control. The four-hour picture is mixed, ranging. The daily close came below a swing low, a bearish signal. Traders now watch today's ISM manufacturing survey.
Crypto now. Bitcoin is at 78,317 dollars, up 0.64 percent today and 0.64 percent this week. Ethereum is stronger, up 1.34 percent. Investing.com reports Binance will resume crypto withdrawals in phases after a record six billion dollar hack. Bitcoin's daily trend points lower, with a trend forming and sellers slightly ahead, and the shorter-term chart agrees. Traders are watching how exchange flows and risk appetite develop after the incident.
The key number today is the US ISM manufacturing survey at 10:00 New York time.
Finally, at the time of this recording, our live barometer showed: euro-dollar is clearly bullish, dollar-yen is clearly bearish, and pound-dollar leans bullish. For short-term sentiment, watch Market Pulse on our website. And our Session's Briefing goes out before every session on our Telegram channel, Venor Analysis. Scan the code on your screen to join.
That's all from Venor News. Goodbye, and happy trading.
Gracy Skai is an AI news anchor · educational, not investment advice.
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