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Lack of obvious market drivers and mixed dollar trading ensured flat trading in major commodities contracts.
Weaker dollar and safe-haven bets ensured uptick in precious metals despite Federal Reserve Chairwoman remarks.
Official US crude inventory data did not prove to be quite as alarming as some had feared.
Crude prices recovered after Saudi Arabia said it reduced its crude production by the most in over eight years.
Latest US and Canadian rig count data points to rising North American production in the face of Opec cuts.
Opec's production data is not due until 13 February, but IEA said cartel had achieved 90% of production cut target.
Higher drawdown of US inventories sends Brent, WTI futures on recovery run.
Oil falls for third successive session but gold rally extends further into positive territory.
Oil futures fell to a three-week low with rig data pointing to a revival in the fortunes of shale explorers.
Trump White House, Brexit jitters and European election fears continue prop up gold demand.
Iraq's economy has been ravaged by the cost of fighting Islamic State and by low oil prices.
Lower operating cash costs and higher gold price fill the coffer of Africa-focussed blue chip mining company.
Trump's sanctions on Iran send oil futures higher, while gold demand is at three-year high.
Election of Donald Trump, Brexit and Italian referendum were among the drivers of gold demand.
Oil futures headed lower but remained within recent range, while gold and silver headed higher on a weaker dollar.