Oil ticks down in Asia after settling higher overnight, but stays on track for a weekly gain. Geopolitical issues have supported prices over the week, with markets watching for supply risks from the Russia-Ukraine conflict and U.

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, escalating U.S.-Venezuela tensions and stalled peace talks in Moscow.

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.

Oil prices fell on Thursday on expectations of a Ukraine‑Russia ceasefire which could pave the way for the unwinding of Western sanctions against Russian supply, though trading was set to remain thin due to the U.

Bullion prices gained as poor US jobs data fueled rate cut hopes, while failed US-Russia talks kept a floor under oil prices.

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.