REUTERS SURVEY projects 2026 average Brent crude at $89.05 per barrel, up from $85.08/bbl in the August forecast.

Fed's Williams said more data will help determine the Fed's next interest-rate decision.

Gold rose then steadied on Tuesday as traders weighed oil's decline, which eases energy-driven inflation pressures, against elevated US Treasury yields that limit gains. The 30-year US Treasury yield climbed for a sixth straight session to its highest since 2002; higher bond yields typically dent demand for non-yielding gold. Markets will focus on Wednesday's personal consumption expenditures (PCE) inflation data, the Federal Reserve's preferred gauge, and Friday's nonfarm payrolls for signals on the interest-rate path.