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Bullion gained more than 1 percent so far this week, rising to an all-time high of $2,954.69 on Thursday
The EIA reported on Thursday that U.S. crude oil stockpiles rose, while gasoline and distillate inventories fell last week
Gold was trading near its all-time high of $2,946.85 it hit on Wednesday
Spot gold dropped 0.2 percent to $2,928.52, while U.S. gold futures fell 0.1 percent
West Texas Intermediate crude futures also experienced a 0.3 percent rise, reaching $72.03 per barrel
Saudi welcomed last week's Trump-Putin phone discussion, aiming to unite both leaders in the Kingdom
Spot gold was up 0.1 percent at $2,898.99, while U.S. gold futures gained 0.4 percent to $2,912.60
Crude Oil WTI Futures set to expire in March increased by 0.7 percent to $71.17 per barrel
The U.S. dollar fell to near its lowest level since December 17 in reaction to disappointing U.S. retail sales data on Friday
Crude Oil WTI Futures expiring in March were similarly muted at $70.69 a barrel
Trump said he could meet Putin in 'not too distant future'
On Thursday, Trump asked his economics team to set up plans for reciprocal tariffs on every country taxing U.S. imports
