India, July 21 -- Amid renewed U.S.-Iran tensions, Iran-backed Houthi group has declared a critical waterway blockade on Saudi shipping on Tuesday. This might impact global energy supply. At the same time there is a hope that the U.S. and Iran will resume peace negotiations.
In the Asian trading session, oil prices were slightly lower, brent crude futures traded half a percent lower near $89 a barrel,
Gold prices jumped more than 1 percent. Spot gold traded 1.4 percent higher at $4,063 an ounce after reclaiming the psychologically important $4,000-an-ounce level on Monday. U.S. gold futures were up 1.3 percent at $4,065.97.
The dollar held near a one-week on Tuesday.
Asian shares finished mostly up, while European shares are trading pos...