On Thursday, Nov. 5, 2026, oil fell on hopes for US-Iran diplomacy, but the Strait of Hormuz remained badly disrupted and options were still pricing heavy uncertainty. That matters because traders are calling de-risking before shipping conditions have actually normalised.
NEW YORK, Nov. 6, 2026 (GoldSquawk) - Gold rose on Friday, Nov. 6, 2026, after President Donald Trump sharpened his warning on Iran, lifting geopolitical risk premiums and keeping traders focused on oil and inflation fears. The metal also moved toward the U.S. payrolls release later Friday, which could shape the next leg for bullion.
NEW YORK, Nov. 6 (GoldSquawk) - COMEX gold swung $80.30 an ounce after Iran said it had sent the United States a nuclear proposal via Qatar, with traders weighing U.S.-Iran diplomacy and wider conflict risks. Reuters reporting cited by MarketScreener said the next move in bullion may hinge on whether that diplomatic channel progresses.