Gold prices were set for a second consecutive weekly fall, even as bullion traded almost flat on Friday as investors refrained from taking big positions ahead of U.S. non-farm payrolls data that could offer more cues on the Federal Reserve's policy path. FUNDAMENTALS * Spot gold was nearly unchanged at $2,302.51 per ounce, as of 0046 GMT. Prices were down more than 1% this week.
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Oil prices edged up in early trade on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for weekly losses on U.S. economic uncertainty and limited crude supply disruptions caused by the Israel-Hamas war. Brent crude futures for July rose 16 cents to $83.83 a barrel by 0008 GMT. U.S. West Texas Intermediate crude for June was up 19 cents to $79.14.
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Carlyle Group is likely looking to sell 2 percent stake worth Rs 1,500 crore in Yes Bank via block deal, sources told CNBC-TV 18 on May 2.The deal is likely to be launched tomorrow. Goldman Sachs is said to be the broker to the deal, sources added.Carlyle holds 8.74 percent stake in Yes Bank (post warrant conversion). The stake is held by entity named CA Basque Investments.
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