Crude Oil prices range bound after Algeria says all options open at OPEC meeting
Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers.
Prices tumbled 4 percent on Friday amid signs Saudi Arabia and Iran were making little progress in achieving preliminary agreement to freeze production.Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum in Algeria from Sept. 26-28, where they will discuss a possible output-limiting deal.
Gold prices steady in Asia ahead of a presidential debate.
Gold prices held steady on Monday as the dollar fell against the yen, with markets shifting their focus towards U.S. politics ahead of a presidential debate.
The U.S. presidential debate between Republican Donald Trump and Democrat Hillary Clinton will take place at 0100 GMT on Tuesday, with investors looking for indications of who could win the race to lead the world's biggest economy.
Asian physical gold demand remained subdued last week ahead of a national holiday in China and amid what is considered an inauspicious period before the festival season begins in October in India.