Brent crude advanced for a second day after Iran and six world powers ended a meeting in Geneva without coming to an agreement on the Persian Gulf nation’s nuclear program, tempering projections of a resolution to the dispute that has cut Iranian oil exports.

Futures rose as much as 1.2 percent in London while West Texas Intermediate oil in New York gained 0.8 percent. International Atomic Energy Agency chief Yukiya Amano is leading inspectors today to Tehran for negotiations. Iran’s talks with permanent members of the United Nations Security Council and Germany over the weekend in Geneva ended without a deal.

Brent for December settlement climbed $1.05, or 1 percent, to $106.17 a barrel on the London-based ICE Futures Europe exchange at 10:54 a.m. in New York. The volume of all futures traded was 19 percent more than the 100-day average. The contract touched $102.98 on Nov. 8, the least since July 2.

WTI for December delivery rose 60 cents, or 0.6 percent, to $95.20 a barrel on the New York Mercantile Exchange. Volume was 37 percent lower than the 100-day average. Futures slipped to $93.07 on Nov. 5, the lowest intraday price since June 24.

Gold prices traded near a three-week low , as good indicators of employment in the United States, released on Friday , forcing investors fear the Fed reduce the incentives in the near future.

The price of gold fell to 1280.50 dollars after the U.S. Labor Department announced an increase in the number of jobs in October to 204,000 people, and adjusted upward as a whole to 60,000 data for the previous two months.

Report data for October exceeded the expectations of economists , who had forecast growth in the number of jobs at 126,000 . As a result, the average growth over the past three months has exceeded 200,000 .

The fact that the data beat expectations , revived fears among investors that the U.S. central bank will reduce the bond-buying program sooner than expected .

This year Gold futures fell by 28% at the end of June reached a minimum 1,211.60 on fears began rolling program of bond purchases the Fed, which increased the yield of the bonds and the U.S. dollar strengthened .

If prices fall below $ 1,300 did not cause a significant increase in demand in Asia as buyers expect a further decline in prices.

The cost of the December gold futures on COMEX today dropped to $ 1278.10 per ounce.