According to PANews, citing Bybit, spot gold briefly gained nearly $20 on May 1 while WTI and Brent fell; Gate data also showed an earlier move with Brent up 4% and spot gold down 1.25%.
Commodity price reports showed divergent moves across gold and oil, with some data pointing to a rally in gold alongside weaker crude benchmarks and other data showing the opposite. PANews, citing Bybit, reported that on May 1 spot gold briefly rose by nearly $20 while WTI fell more than $1 to $104.59 per barrel and Brent crude declined more than $1 to $108.9 per barrel. Separately, Gate data showed Brent crude rising 4% intraday to $108.14 per barrel while spot gold fell 1.25% to $4,540 per ounce. Together, the reports indicate sharp short-term volatility and differing trading-window performance across energy and precious metals markets.