Oil was steady as the market weighed the outlook for Russian crude flows to India after a Trump administration official ramped up his criticism over the trade ahead of an expected tariff increase. West Texas Intermediate was near $63 a barrel, heading for a modest weekly gain. Brent closed below $68. White House Trade Adviser Peter Navarro said India "doesn't appear to want to recognize its role in the bloodshed," adding that he sees US import levies on the nation doubling as scheduled on Aug. 27. President Donald Trump has threatened to raise the duties on Indian imports to the...
Gold is steady in the early Asian trade. Market participants could remain cautious ahead of Fed Chair Powell's Jackson Hole address on Friday, says Fadi Al Kurdi, founder and CEO of FFA Kings in a commentary. "The uncertainty over whether he will signal a stronger commitment to supporting employment or reaffirm the fight against inflation could affect the market's direction," he adds. A more dovish stance could boost gold prices. Spot gold is flat at $3,338.31/oz. Source: Marketwatch