Gold Rises On Political Uncertainty, Shrugs Off Dollar Gains

Gold rose on Monday on geopolitical worries, but was trading in a tight range in the absence of any fresh clues on U.S. monetary policy and as the market looked to economic data later in the week for more direction. Supporting gold was geopolitical tension sparked by U.S. President Donald Trump who on Sunday held out the possibility of using trade as a lever to secure Chinese cooperation against North Korea.

Oil Prices Edge Lower As Rebound In Libyan Production Weighs 

Oil prices edged lower in early Asian trading on Tuesday as a rebound in Libyan production put pressure on the market, along with a rise in U.S. drilling rig capacity that signals potential for increased supply. International Brent crude futures were trading down 3 cents at $53.09 a barrel at 0141 GMT from the previous session. 

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