Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report
Published . Updated .
(Kitco NewsWire) – Spot gold and silver prices were higher in early U.S. trading Monday, recovering from Friday's sharp losses as renewed diplomatic efforts involving Iran and the United States…
Directly affected
- No company is named in this report.
Indirectly affected
- GLD SPDR Gold Shares-3.3% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- GDX VanEck Gold Miners ETF-10.4% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- SLV iShares Silver Trust-25.2% 30d
iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story.
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- NEM Newmont-13.4% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- PAAS Pan American Silver-14.3% 30d
Pan American Silver (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story.
- AEM Agnico Eagle Mines-7.6% 30d
Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- CDE Coeur Mining-22.4% 30d
Coeur Mining (gold and silver ores): silver miners' profits move with the silver price. Linked by “silver” (silver) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GLDNo price data for this ticker | — | — | — | — | — | — | — |
| GDXNo price data for this ticker | — | — | — | — | — | — | — |
| SLVNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -1.54% | -1.29% | base | -5.78% | after close | after close | after close |
| NEMNo price data for this ticker | — | — | — | — | — | — | — |
| PAASNo price data for this ticker | — | — | — | — | — | — | — |
| AEMNo price data for this ticker | — | — | — | — | — | — | — |
| CDENo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report Kitco
Source: Kitco
How far United States Oil Fund (USO) has moved since 2 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| United States Oil Fund (USO) | that day | -5.78% | still updating |
| United States Oil Fund (USO) | three days earlier | -1.29% | final price |
| United States Oil Fund (USO) | five days earlier | -1.54% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 19 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 63 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 19 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 40 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who collects and who pays in energy
Companies mentioned with this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
In “Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- GLD Spdr Gold Trust
Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report.” Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- SLV iShares Silver Trust
iShares Silver Trust (SLV) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report.” Reason on file: iShares Silver Trust: it follows the silver price. Linked by “silver” (silver) in this story
- NEM Newmont
For “Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report,” Newmont (NEM) is linked, with no stored direction, medium confidence. Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- XOM ExxonMobil Holdings
For “Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- AEM Agnico Eagle Mines
For “Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report,” Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence. Reason on file: Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- CVX Chevron
Chevron (CVX) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
United States Oil Fund (USO) and the energy link
United States Oil Fund (USO) is the company in “Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report,” the 2 Nov 2026 Energy story.
United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Dates and price levels for United States Oil Fund (USO)
GLD traded between 373.41 and 400.78 across 20 sessions. The latest close on file is 379.67. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.
How solid the energy case looks
46 out of 100Price not final
“Gold, silver rebound as Iran diplomacy sends oil lower, easing Fed tightening concerns - Kitco AM Report” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.