Gold fell on Monday as equities gained on likely progress in Sino-U.S. trade standoff, amid bullion prices heading for their first annual decline since 2015, losing to the dollar mostly on trade worries and rising interest rates.
Oil prices fell to their lowest in more than a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers considered cutting production to try to stem a rising global surplus.
Oil bounced above $63 a barrel on Wednesday to claw back some of the previous day’s 6 percent plunge, lifted by a report of an unexpected decline in U.S. crude inventories.
Oil prices dropped sharply on Tuesday, snapping a four-day winning streak amid concerns about rising global supplies as OPEC weighs a possible cut in production.
Indian shares edged lower in line with early weakness in Asian peers, due to losses in financials and healthcare stocks, but gains in oil marketers and an upbeat sentiment over a strong set of inflation data helped cap losses.
Union ministers Nirmala Sitharaman and Kiren Rijiju took stock of the situation arising out of clashes between Army and Arunachal Pradesh Police personnel here.
China’s manufacturing sector barely grew after stalling in September, a private survey showed, while an extended contraction in export orders highlighted rising pressure on the economy as a trade war with the United States intensified.
Oil prices fell on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran.
Oil prices inched lower on Monday as concern over the global economy put crude on track for its biggest monthly fall since mid-2016.
German chemical giant BASF (BASFn.DE) said it has signed a memorandum of understanding with China’s Sinopec Corp (600028.SS) to build a steam cracker with annual capacity of one million tonnes in the eastern Chinese city of Nanjing.