- U.S. oil futures rose on Friday, but remained near two-month lows as concerns over a global supply glut continued to weigh.U.S. crude futures for September delivery added 0.25% to $44.86 a barrel, close to Wednesday’s two-month low of 43.69.On the ICE Futures Exchange in London, the September Brent contract climbed 0.52% to $46.44 a barrel, near a two-month trough of 45.84 hit overnight.
- Gold prices slipped lower on Friday, as upbeat U.S. data released in the previous session lent support to the U.S. dollar and as the European Central Bank left the door open for further stimulus measures.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery declined 0.37% to $1,326.05.
- Silver futures were trading lower in the domestic market on Friday as speculators engaged in reducing their positions tracking a weak trend in global markets.Analysts attributed the persistent fall in silver prices at the futures trade to a weak trend in the precious metals in global market as gains in equities and a stronger dollar curbed the demand for the precious metals as a store of value.
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