Trump's Week Ahead: Kushner, Climate, and FBI

Gold holds near one-month peak as dollar and stock markets soften

Gold hit its highest since May 1 on Friday at $1,269.50 an ounce, as nervousness over U.S. President Donald Trump's negotiations with other world leaders at the G7 summit prompted investors to buy bullion as an alternative to nominally higher-risk assets such as shares. Spot gold was up 0.1 percent at $1,267.74 an ounce at 1005 GMT, with U.S. gold futures for June delivery down 0.1 percent at $1,267.30. A 0.1 percent retreat in the dollar index underpinned prices, but moves were muted, with traders in the United States, London and China all out for national holidays.


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Oil slips as more U.S. drilling outweighs OPEC-led cuts

Oil slips as more U.S. drilling outweighs OPEC-led cuts

Oil prices slipped on Monday as further increases in U.S. drilling activity undercut an OPEC-led push to tighten supply. Trading was subdued due to public holidays in China, the United States and Britain, but concerns lingered over whether OPEC action would be enough to stem the tide of oversupply. U.S. West Texas Intermediate (WTI) crude futures were also down 17 cents at $49.63 per barrel.


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European shares off to sluggish start to week, banks weak

Euro zone shares fell slightly on Monday, pulling back further from their highest point in almost two years, dragged lower by financials and as holidays in major markets such as the UK and the United States kept investors away. Regional banks were among the biggest drags, however, as investors continued to lock in some gains following the sector's stellar run from last summer's lows. Spanish-listed shares of International Airlines Group , the parent company of British Airways, fell 2.5 percent.


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