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Expectations of lower Russian oil supply in the near term provided some support to oil prices
Bullion is on track for a second consecutive weekly increase, rising 2.5 percent so far this week
Trump's tariffs may fuel inflation, pushing safe-haven gold to a record high of $2,956.15
These discussions are vital for the Kingdom's efforts to address the Ukraine crisis and promote peace
Spot gold was unchanged at $2,916.69 per ounce, while U.S. gold futures edged up 0.1 percent to $2,922.30
Supply concerns in Russia boosted prices after Ukraine targeted a major oil refinery in Moscow
Attention turns to February's nonfarm payrolls data for insights on the U.S. economy
The eight OPEC+ countries plan to fully compensate overproduced volumes by June 2026
Trump announced 25 percent tariffs on Mexico and Canada, starting Tuesday, and doubled Chinese tariffs to 20 percent
WTI crude futures dropped by 0.9 percent to $67.64 a barrel
Investors are now looking forward to China's annual parliamentary meeting for further insights into potential measures to support its economy
The U.S. dollar index fell 0.33 percent from more than a two-week high it hit in the previous session
