Brent Crude falls below $110, gold and silver surge, silver returns to $50, Iran warns: If the US goes to war again, it will face devastating retaliation.

　　On November 2, international oil prices continued to decline. Brent crude oil futures once fell by more than 3%,

, as of 11:40 (UTC+8), the decline narrowed to 2.95%. New York crude oil futures fell nearly 3%, quoted at $101 per barrel.

　　International gold and silver surged. Spot gold rose by 0.75%, an intraday increase of nearly $30, surpassing $3,900 per ounce. Spot silver climbed nearly 1%,

　　Bitcoin moved higher with intraday volatility, with gains expanding to 1%, approaching the $79,000 mark, quoted at $78,600 per coin.

　　Regarding US-Iran negotiations, new developments have emerged:

　　

　　According to CCTV News, on November 1, at the 22nd Manama Dialogue held in Manama, the capital of Bahrain, Donald Blome, US Assistant Secretary of State for Near Eastern Affairs, stated that the US has extended a “hand of negotiation” to Iran but is also prepared to take other countermeasures; he added that the US is currently consulting with allies in the region.

　　At the conference, UAE Presidential Advisor Anwar Gargash emphasized that the Gulf countries prefer to resolve this long-standing crisis through diplomatic and political channels, and warned that the region is being drawn into this conflict. He also indicated that the positions of the US and Iran remain far apart and, if their differences cannot be bridged, regional countries must be concerned about the worst-case scenario. He called for diplomatic breakthroughs to prevent escalation.

　　

　　According to CCTV International News, on November 1, Iranian military spokesman Akraminia stated,

　　Akraminia said that, should conflict break out in the future, the timing of its end would be decided by Iran. If the US takes new risky actions, US facilities, equipment, troops, and related interests within Iran’s strike range could all become targets of retaliation. 

Editor-in-Charge: Zhu Henan