London, Feb 2, 2026 (AFP) - Oil slides, gold loses lustre as Iran threat recedes

NAMPA / AFP

2026-02-02

Oil and gold prices fell as concerns eased over US monetary policy and the chances of an American attack on Iran, while stock markets pushed higher. Both main crude oil contracts shed around five percent on easing US-Iran tensions. "The trigger for the sharp reversal were comments from President Trump suggesting an easing of tensions with Iran," said Trade Nation analyst David Morrison. "This reduced fears of an immediate supply shock," he added.......

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