Oil, gold prices rise in Asian trading amid Middle East tensions

SANAA, Nov. 03 (YPA) – Oil prices rose in early Asian trading on Tuesday amid continued tensions in the Middle East.

Brent crude futures gained 48 cents, or 0.5 percent, to US$105.25 a barrel by 01:04 GMT, while US West Texas Intermediate (WTI) crude futures rose 47 cents, or 0.5 percent, to US$96.93 a barrel.

Brent crude futures had settled US$8.66, or 7.63 percent, lower at US$104.77 a barrel in the previous session.

Meanwhile, gold prices also rose in early Asian trading after gaining more than 2% in the previous session.

Spot gold climbed 0.3% to $3,960.80 an ounce, extending its recovery from a one-year low recorded on Friday.

US gold futures for December delivery held steady at $3,970.80 an ounce.

Among other precious metals, spot silver rose 0.3% to $50.79 an ounce. Platinum gained 0.2% to $1,451.48, while palladium added 0.2% to $970.50 an ounce.

@E.Y.M