Oil traders are becoming wary that OPEC+ will increase oil output and further distort the energy demand/supply dynamics.
The bullion asset regained its lustre after a 2.2% drop recorded in the past week,
Oil traders are going bullish on the black liquid hydrocarbon, over the unprecedented cold snap in a leading American energy hub, Texas
Naira closed against the US Dollar at N410/$1 on Friday, 19th February 2021, indicating a drop of 0.54%
Stock traders momentarily increased their selling pressures on technology shares that have rallied through COVID-19 and rotated into cyclical stocks.
Gold futures settled up $1.2%, at $1,813.05 after it had dropped as low as $1,784.60 on Thursday.
The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N393.83/$1.
Gold futures dropped about 0.33% to trade at $1,947.