Spot gold was slightly down at $2,335.13 per gram on Monday
uae2 hours ago
US crude hit a record of $103.95 a barrel on Monday and was trading above $100 yesterday.
Washington has said even a token supply increase from the Organisation of the Petroleum Exporting Countries would help to tame prices and limit any impact on a fragile world economy.
But Opec ministers have repeatedly said the oil market has been driven by a weak dollar, speculation and political strife, and not by a lack of crude.
After less than two hours of talks, Opec delegates told Reuters the group had reached agreement to keep supplies steady.
The ministerial meeting continued discussing other matters after the decision had been reached.
Spot gold was slightly down at $2,335.13 per gram on Monday
uae2 hours ago
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