Wednesday outlook: Oil prices, Asian shares drop, gold firms
Negotiators from the world's top two economies will meet in Washington on Thursday and Friday in the latest effort to hammer out a deal aimed at ending a long-running trade dispute that has slowed global economic growth
Towers at an oil refinery in the southern Sydney suburb of Kurnell are silhouetted against a cloudy sky August 6, 2004.
By Staff Writer, ZAWYA
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Oil prices slipped for a third consecutive session on Wednesday as the prospect of the United States and China striking a trade deal in talks this week dimmed, raising uncertainties for global economic growth and oil demand.
Asian stocks fell the most in a week on Wednesday as the United States and China’s broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.
Gold prices firmed on Wednesday as tensions between the United States and China ratcheted up ahead of crucial trade talks later this week, sapping risk appetite, while concerns over Brexit added to bullion’s safe haven appeal.
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