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Speaking a day after he hosted Israeli PM Netanyahu at the White House, US President Donald Trump said he hoped for a result “over the next month” from Washington's negotiations with Tehran over its nuclear program.
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Oil headed for the first back-to-back weekly drop this year on a risk-off tone in wider markets, concerns about a global crude glut, and the prospect of drawn out US-Iran talks over a nuclear deal.
Gold steadied after a sharp decline sparked by a wider selloff across financial markets.