[MARKET ANALYSIS] Oil prices trickled lower amid touted progress during US-Iran indirect talks in Doha

WTI/Brent: WTI Aug'26 -1.3% / Brent Sept'26 -1.1%

• Oil prices continued to trickle lower following US-Iran indirect talks in Doha, with Qatar's Foreign Ministry noting that mediators concluded separate meetings with US and Iranian negotiators, and that positive progress was made on issues related to the Islamabad MoU.

Gold: +0.6%

• Edged mild gains after a recent return above the USD 4,000/oz level, while a recent Official Monetary and Financial Institutions Forum survey found that central banks saw gold at USD 5,000-6,000/oz in 12 months.

Copper: -0.2%

• Trades rangebound with demand dampened by the subdued risk appetite in Asia.