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Gold & Silver Market News — Oct 11, 2026, 20:10–00:10 UTC

Oct 11, 08:10 PM - 12:10 AM UTC

Middle East Tensions Escalate

Geopolitical risk in the Middle East is increasing following reports of a new attack on a Saudi airport over the weekend. In response to regional safety risks, the U.S. Federal Aviation Administration advised airlines to exercise caution on flights over Saudi Arabia, while oil prices climbed amid the ongoing conflict.

Weaker US Dollar on Softening Sentiment

The US Dollar faced downward pressure at the start of the week, influenced by softening US Consumer Sentiment figures. This weakness was evident in foreign exchange markets, where currencies like the Australian Dollar gained against the greenback.

Russia-Ukraine Developments

The US President announced that Russia and Ukraine have reportedly agreed to an "energy ceasefire." Details regarding the nature or terms of this claimed agreement have not been provided.

Sources

1Middle East War updates: New attack launched on Saudi airport2US President Donald Trump says Russia and Ukraine agree to an ‘energy ceasefire’3Australian Dollar edges higher to near 0.7000 on weak US Sentiment4FAA tells US airlines to exercise caution in Saudi Arabia flights, citing safety risks5Oil climbs as Mideast conflict, tanker attacks persist