Oil slides on Trump tariff threats and OPEC+ supply expectations

LONDON, May 23 (Reuters): Oil prices dropped by 1 per cent on Friday and were set for their first weekly decline in three weeks as US President Donald Trump recommended a 50 per cent tariff on the European Union and expectations rose that OPEC+ will increase crude output further in...

Gold rises 2pc on safe haven flows

SINGAPORE, May 23 (Reuters): Gold prices rose 2 per cent on Friday and were headed for their best week in six, as investors sought the safe-haven asset amid renewed tariff threats from US President Donald Trump and a weaker dollar.Spot gold was up 1.6 per cent at $3,345.99 an ounce...