[MARKET ANALYSIS] Crude futures retreated with US-Iran talks to continue, while gold briefly reclaimed the USD 5,000/oz status

WTI/Brent: WTI Mar'26 -0.6% / Brent Apr'26 -0.6%

• Oil futures declined at the open following last week's US-Iran talks, which Iran's Foreign Minister described as a 'good beginning' and with talks set to continue early this week.

Gold: +0.6%

• Resumed last Friday's rebound and briefly returned to above the USD 5,000/oz level amid a softer dollar, while recent data showed the PBoC increased its gold reserves for a 15th consecutive month.

Copper: Flat

• Trades indecisively and wiped out its initial gains despite the heightened appetite for risk.