Gold prices headed lower for a second consecutive session in early morning trade on Tuesday, hitting a six-month low, as the dollar moved higher and fears of escalating trade tensions did little to support the safe haven precious metal. SEE MORE Gold prices rose to a one-week high on Wednesday as a softening dollar supported buying in the yellow metal. SEE MORE On Saturday, US President Donald Trump tweeted that the Saudi King had agreed to a proposal to increase Riyadh's daily oil production to two million barrels. SEE MORE European polyethylene (PE) producers are seeking margin recovery for July, with concerns throughout the year over the erosion between the ethylene/PE spread. SEE MORE China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump’s trade policies at a summit later this month but is facing resistance, European officials said. SEE MORE