Gold prices were steady in early Asian trade on Friday amid renewed fears of a global trade war.

CapitalStars Investment Adviser Spot gold was nearly unchanged at $1,298.20 per ounce by 0356 GMT, while U.S. gold futures for June delivery were down 0.2 percent at $1,298 per ounce. Spot gold is down slightly this week. The dollar index, which measures the greenback against a basket of six major currencies, was up 0.1 percent at 94.117. Gold's current price movement reflects the relatively calm attitude of investors, said Mark To, head of...

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OPEC oil output fell to a 13-month low in May due to declining Venezuelan production.

CapitalStars Investment Adviser The Organization of the Petroleum Exporting Countries pumped 32.00 million barrels per day in May, the survey found, down 70,000 bpd from April's revised figure. The May total is the lowest since April 2017, according to Reuters surveys. OPEC is reducing output by about 1.2 million bpd as part of a deal with Russia and other non-OPEC producers to get rid of excess supply. The deal began in January 2017 and,...

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Weak rupee, rising gas cost to up urea subsidy deficit: Report

CapitalSertars Investment Advis Depreciation of rupee and rising gas costs is likely to increase the urea subsidy shortfall to Rs 9,000 crore this financial year, a report said as per the PTI report. Urea players have been witnessing rising gas costs, which coupled with the depreciation of rupees against the US dollar will result in higher cost of production, rating agency Icra said in its report. The increased cost of production for urea...

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Exporters` GST refund: FinMin says only Rs 14,000 cr pending.

CapitalStars Investment Adviser The finance ministry today said GST refunds worth Rs 14,000-crore to exporters are pending with the government and "solutions" are being put in place to fast-track clearances. Refuting claims by the Federation of Indian Export Organisations (FIEO) which had yesterday claimed that refund clearance has slowed down and pegged pending refund at over Rs 20,000 crore, the ministry in a statement said Rs 8,000 crore...

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Gold prices edged higher on Thursday, as the dollar eased from 6-1/2-month highs hit earlier this week.

CapitalStars Investment Adviser Spot gold was up 0.1 percent at $1,302.50 per ounce by 0344 GMT. It was headed for a monthly decline of about 1 percent, its biggest since February. U.S. gold futures for June delivery were 0.1 percent higher at $1,303.20 per ounce. "Gold is largely being influenced by how the dollar is moving and the dollar move overnight is a clear representation of why gold prices have risen this morning," said OCBC analyst...

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Oil prices dip on unexpected growth in U.S. crude stocks.

CapitalStars Investment Adviser Oil prices dropped on Thursday, weighed down by a surprise rise in U.S. crude inventories and by expectations that OPEC and other producers could increase output at a meeting in June. Brent crude  was down 20 cents at $77.30 per barrel at 0041 GMT, after settling the last session up 2.8 percent. U.S. West Texas Intermediate crude  was down 20 cents at $68.01 a barrel. In the previous session, it settled...

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