Increase in Oil and Gold Prices

SadaNews Economy - Oil prices rose slightly during trading on Friday, after falling about 2% in the previous session, pressured by reduced demand forecasts from OPEC and new tariffs announced by U.S. President Donald Trump, which are expected to weaken economic growth.

Brent crude futures rose by 0.1% to $68.75 per barrel, while U.S. West Texas Intermediate crude futures increased by about 0.2% to $66.70 per barrel, according to CNBC.

Gold prices recorded a slight increase today, following U.S. President Donald Trump's announcement of new tariffs on Canadian imports, along with his threat to take similar actions against other trading partners, at a time when the strength of the dollar limited gains for the precious metal amid escalating disruptions in the global trade landscape.

Spot gold rose by 0.3% to $3,333.41 per ounce, while U.S. gold futures increased by 0.5% to $3,344.50.

As for other precious metals, silver rose in spot trading by 0.4% to $37.17 per ounce, while platinum decreased by 0.2% to $1,358.61, and palladium increased by 0.2% to $1,143.55.