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Prices fell more than 1% in the previous session after U.S. Federal Reserve officials dented expectations of aggressive interest rate cuts. Gold prices were little changed on Thursday following a steep fall in the previous session, as investors waited on any Sino-U.S. trade developments later this week, while bulls rolled back hopes of big U.S. interest rate cuts. Spot gold was down 0.1% at $1,407.25 per ounce at 0350 GMT. Prices fell more than 1% in the previous session after U.S. Federal Reserve officials dented expectations of aggressive interest rate cuts. U.S. gold futures were 0.3% lower at $1,411 an ounce. "There appears to be some fatigue around preannouncements on the trade issues ... If we don't see any sort of agreement, then we can see support for gold coming back, but in the meantime that modulation is expected to weigh on gold prices," said Michael McCarthy, chief market strategist, CMC Markets. "This looks like a corre...

Despite this, oil markets remain tight amid supply disruptions and rising geopolitical concerns especially over the tensions between the United States and Iran. Oil prices dipped on Friday on hopes that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a tightening of sanctions on Tehran by the United States. Despite this, oil markets remain tight amid supply disruptions and rising geopolitical concerns especially over the tensions between the United States and Iran, analysts said. Brent crude futures were at $74.16 per barrel at 0223 GMT, down 19 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $64.83 per barrel, down 38 cents, or 0.6 percent, from their previous settlement. The dip followed Brent's rise above $75 per barrel for the first time this year on Thursday after Germany, Poland and Slovakia suspended imports of Russian oil via a major pipeline,...

Brent crude for June delivery was up by 43 cents, or 0.6 percent, at $68.01 a barrel by 0214 GMT, having risen 27 percent in the first quarter. Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy. Brent crude for June delivery was up by 43 cents, or 0.6 percent, at $68.01 a barrel by 0214 GMT, having risen 27 percent in the first quarter. U.S. West Texas Intermediate (WTI) futures rose 32 cents, or 0.5 percent, to $60.46 barrel, after posting a rise of 32 percent in the January-March period. U.S. sanctions on Iran and Venezuela along with supply cuts by members of the Organization of the Petroleum Exporting Countries (OPEC) and other major producers have helped support prices this year, overshadowing concerns about global growth and the U.S.-China trade war. However, future gains will be limited by p...

Murphy Oil Corp is nearing a deal to sell its Malaysian oil and gas assets to Thailand's PTTEP PCL, people familiar with the matter said, in the latest energy M&A transaction in the Southeast Asian nation. The independent U.S. oil and gas exploration and production company could announce a deal, valued at just over $2 billion, with the Thai energy company as early as Thursday, said one source, who declined to be identified as the news is not public. Reuters reported in November, citing sources, that Murphy Oil was in talks to sell the assets after an unsolicited bid that could fetch between $2 billion to $3 billion. Murphy, which has been in Malaysia for two decades, could not be reached outside regular U.S. business hours. There was no immediate response from PTTEP to a Reuters query. Murphy had tapped banks for the potential sale of its majority interests in eight separate offshore production sharing contracts in Malaysia, sources had said. Other...

Gold prices steadied on Thursday as lacklustre appetite for riskier assets offered some support to the safe-haven metal, while firm dollar limited gains ahead of European Central Bank's (ECB) policy meeting due later in the day. Spot gold was steady at $1,286.49 per ounce, as of 0341 GMT. U.S. gold futures were down 0.1 percent at $1,287. The dollar index, which tracks the greenback against major currencies, was holding near its more than two-week high posted earlier in the week. "There is some support for safe haven assets. Equities in Asia have given up the gains and that reflects the pressure we are seeing on risk assets," said Michael McCarthy, chief market strategist at CMC Markets, adding, strong dollar is limiting gains. Asian shares eased on Thursday, with caution prevailing as investors awaited some kind of resolution to Sino-U.S. trade negotiations. U.S. President Donald Trump said on Wednesday that trade talks with China were movin...