Unusual uncertainty and fear drives the oil markets

Spot gold fell 0.1% to $1,220.35 per ounce while U.S. gold futures remained flat at about $1,220.5 per ounce.

Early today Gold prices softened lightly as the popular greenback was supported by the investor's safe-haven appetite. Another important factor also was the U.S.-China tensions amid heightened risk aversion.

The dollar lifted versus its major rivals early today, while investors avoided hazardous assets and supported safe-haven currencies on raised concerns about a decelerating global growth and the US-China trade conflict.

The popular dollar index was steady following a profit of about 0.7 in the previous trading session. On the other hand, Asian stocks declined, due to a recent sell-off in Wall Street.

Today afternoon the UK Prime minister is going to meet with the European Commission President Jean-Claude Juncker. She is hoping to achieve an initial deal for the future ties between the U.K. and the EU.

The main focus at the moment in Brussels is the smooth relationship with the UK, as Westminster is remains bogged down by the country's exit deal.

Journalists in the Belgian capital are anticipating for the announcement of a draft proposal that will be the key after the U.K. moves out from the European Union in March of 2019. After the deadline the official Brexit date, the U.K. and the EU will settle their future relations including new negotiating agreements. But, the plan is to match on the basis for those discussions before a specific Brexit summit at the end of the week.