Gold Prices Slip to Near Six-Month Low on Firmer Dollar - Gold prices slipped on Wednesday, to a more than six-month low as the dollar steadied amid seemingly easing trade tension. U.S. President Donald Trump suggested during a meeting with lawmakers that his administration may switch to foreign investment reviews under the Committee on Foreign Investment in the United States instead of imposing new limits on Chinese investment in U.S. technology.  “We have the greatest technology in the world, people copy it and they steal it, but we have the great scientists, we have the great brains, and we have to protect that,” Trump said. “And that can be done through CFIUS, we have a lot of things we can do it through.” On Tuesday, it was reported that the U.S. Treasury Department is drafting curbs to stop companies with at least 25% Chinese ownership from buying U.S. tech firms. The news provided some support for gold prices earlier in the day.

Oil rises on supply losses, U.S. push to isolate Iran - Oil prices rose on Wednesday on a supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and after U.S. officials told importers to stop buying Iranian crude from November. A supply outage at Syncrude in Canada has locked in 350,000 barrels per day (bpd) of crude, with repairs expected to last at least through July. The fall in Canadian exports has helped drain supplies of heavy crude across North America and contributed to a major draw in U.S. crude oil inventories, analysts say. The American Petroleum Institute (API) on Tuesday reported a much-higher-than-expected 9.2 million barrel reduction in U.S. crude inventories in the week to June 22 to 421.4 million barrels. Analysts polled by Reuters had estimated, on average, that crude stocks fell about 2.6 million barrels last week. Also keeping markets on edge was the risk of a disruption to oil supplies from the Africa and the Middle East.

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