Oil prices were under pressure on Tuesday from concerns the escalating United States (US)-Iran trade dispute could slow the global economy, while US sanctions on crude exporters Iran and Venezuela helped keep the market on edge.
Gold prices climbed on Monday after U.S. President Donald Trump threatened to raise tariffs on Chinese goods, escalating Sino-U.S. trade tensions, which prompted risk-off sentiment and boosted safe-haven assets.
Oil prices tumbled by more than two per cent on Monday after United States (US) President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week, risking derailing months of trade talks between the world's two biggest economies.
Gold prices on Friday hovered near a four-month low hit in the previous session, after the U.S. Federal Reserve dampened expectations of a rate cut in the near term, boosting the dollar and setting the bullion on course for a weekly drop.
Oil prices slipped on Friday, extending a steep fall from the previous session on surging US output and an expected supply increase from producer club OPEC and putting crude on track for a second week of declines.
Sugar prices at the Vashi wholesale market increased by ₹10-20 a quintal and ruled steady at the mill level. Volume at the mill level also improved as producers continued to sell the sweetener at prevailing rates.
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