US-Russia Talks Stall on Ukraine Peace
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(Refiles to insert dateline) By Colleen Howe BEIJING, Dec 5 (Reuters) - WTI oil prices were heading for weekly gains of close to 2% in early trading on Friday, supported by an expected Federal Reserve interest rate cut,
Oil prices rise on Ukraine supply concerns, while gold holds steady as silver plunges amid high volatility before the US Fed's rate decision.
Gold trimmed losses after Kyiv and European allies rejected key parts of a US-Russian plan to end the war in Ukraine.
Gift Nifty was trading around 26,166 level, a premium of nearly 89 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
Bullion prices gained as poor US jobs data fueled rate cut hopes, while failed US-Russia talks kept a floor under oil prices.