Oil gains more than 1% on Saudi supply doubts,Gold prices edge lower.
“Oil prices rose more than 1% on Monday on doubts over how fast Saudi Arabia can bring back its full crude output after an attack earlier this month on its largest processing facility and as tensions in the Middle East remained at high levels.”
“Gold prices inched lower on Monday as investors sought more clarity on US-China trade talks, while escalating tensions in the Middle East provided some support.”
“The pickup in geopolitical risk from Saudi Arabia and President Trump rejecting the possibility of a partial trade deal with China certainly adds that little more shine to gold.”
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