Gold and silver rose more than 2% Monday as unexpected progress in US-Iran peace talks sent oil sharply lower, while Bitcoin slipped 0.06% and remained near $76,000. Oil fell more than 6%, with Brent crude reported down more than 7%, boosting European airlines and travel stocks while pressuring energy shares. The Stoxx 600 rose 0.42% to 649.44, Spain’s IBEX 35 gained 1.63%, France’s CAC 40 advanced 0.98%, Italy’s FTSE MIB climbed 0.90%, Germany’s DAX added 0.63% and the UK’s FTSE 100 increased 0.29%. Travel and leisure shares gained about 3%, while energy stocks fell 2.3%. Iranian negotiators left talks with Qatari mediators on Sunday as a revised seven-step proposal circulated; Tehran said it could be implemented within two days and potentially reopen the Strait of Hormuz if Washington ends its blockade of Iranian ports. Abbas Araqchi described consultations as “very intensive,” but Iranian sources told Reuters a renewed US attack remained more likely than an agreement, while Trump rejected an earlier proposal. Gold’s rebound was estimated to represent about $428 billion in paper gains rather than fresh investment, and a separate Bull Theory post claimed gold and silver had added more than $430 billion after Iran’s Supreme Leader authorized further negotiations. Lower oil prices may ease inflation concerns and reduce pressure for Federal Reserve rate increases, although the market still assigns a 77% probability to a December hike. Bitcoin has not sustained gains from previous peace signals and is recovering from a $6.3 billion Binance hack and $643 million in Bitcoin ETF outflows. Glassnode estimates ETF and corporate buyers entered at average prices of about $80,000 to $81,500, leaving many with unrealized losses while Bitcoin trades below that range.