Oil prices edged higher on Thursday, supported by lower U.S. inventories, as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year.
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Gold was down on Wednesday morning in Asia, near an over two-month low and headed towards its worst monthly drop since November 2016. Investors now await U.S. jobs data for further clues on the U.S. Federal Reserve’s monetary policy moving forward.
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Gold was down on Tuesday morning in Asia, remaining close to the one-week low hut during the previous session and is set for its worst month since 2016. A strengthening dollar and concerns over whether the U.S. Federal Reserve would tighten its monetary policy sooner than expected also weighed on the yellow metal.
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Oil was down Monday morning in Asia after climbing to levels last seen in October 2018. Negotiations between the U.S. and Iran on reviving a nuclear deal are set to continue, while the Organization of the Petroleum Exporting Countries and allies (OPEC+) will meet later in the week.
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