Oil edged down in early trade on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanded conflict in the Middle East, while worries about the outlook for U.S. interest rates weighed on the market. Brent crude futures dipped 5 cents, or 0.06%, to $88.35 a barrel at 0006 GMT, and U.S. West Texas Intermediate crude futures slipped 12 cents, or 0.15%.
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Gold prices were steady on Tuesday and set for a third straight monthly gain, as market participants awaited the U.S. Federal Reserve policy decision and non-farm payrolls data due later this week for interest rate cues. FUNDAMENTALS * Spot gold was unchanged at $2,334.92 per ounce as of 0124 GMT. U.S. gold futures were down 0.5% at $2,346.00 per ounce.
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Avenue Therapeutics ATXI shares are trading lower by 20.7% to $4.92 during Monday’s session after the company announced the exercise of warrants for $4.4 million in gross proceeds. These warrants were issued at different times with various exercise prices, but the warrant holders have agreed to exercise them at a reduced price of $6.20 per share.
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