WTI crude oil prices fluctuate downward, while gold and silver diverge in the precious metals market

1) The resumption of US-Iran talks, coupled with the IEA's accelerated release of reserves, drove WTI crude oil prices lower amid volatility. The US and Iran proposed resuming consultations through mediators on reopening the Strait of Hormuz, while the IEA has released approximately 325mn barrels of oil, easing expectations of tight supply. As of October 7, WTI settled at USD88.28/barrel, down 16.58% from its September 15 peak, with an average price of USD91.06/barrel over the period, down 6.08% QoQ. Geopolitical factors remain in play, and oil prices may continue to fluctuate within a range. 2) Macro interest rate pressure and structural support offset each other, leading to divergent gold and silver performance. The Federal Reserve raised rates by 25 bps in September to 3.75%-4.00%;