Oil prices rose on Tuesday as investors awaited the outcome of U.S.-China trade talks and as Saudi Arabia's crude supplies to China were set to drop slightly. Brent crude futures rose 34 cents, or 0.5%, to $67.38 a barrel by 1045 GMT. U.S. West Texas Intermediate crude futures rose 33 cents, or 0.5%, to $65.62. Brent had risen to $67.19 on Monday, its highest since April 28, supported by the prospect of a U.S.-China trade deal. U.S.-China trade talks are set to continue for a second day in London as top officials aim to defuse tensions that have flared over tariffs and rare earth...
Silver (XAG/USD) recovered from early losses and rebounded near $36.70 from an intraday low of $36.30 during European trading hours on Tuesday (6/10). The white metal recovered amid uncertainty over the outcome of the trade talks between the United States (US) and China in London, which have entered their second day. During European trading hours, the White House has hinted that trade discussions between the two countries are going well and negotiations will continue throughout the day. Theoretically, optimism over the Sino-US trade talks will reduce demand for safe-haven assets, such as...
Gold prices edged up on Tuesday as investors awaited further clarity on US-China trade talks and awaited key US inflation data due later in the week for clues on the Federal Reserve's future interest rate decision. Spot gold was up 0.3% at $3,336.33 an ounce, as of 1224 GMT, after falling as low as $3,301.54 earlier in the session. US gold futures were up 0.1% at $3,357.20. "Gold prices found a bottom amid dip buying, although the rally lacked conviction. Fiscal concerns and Fed rate cut bets were the catalysts for the recovery," said Jigar Trivedi, senior commodities analyst at Reliance...