Baker Hughes announced that the number of US oil rigs fell by about 16 to 754 during this week.

While the natural gas rigs fell by 3 to 162, and the total of oil and gas rigs fell by 19 to 916 this week.

Silver prices rose today, on strong haven demand especially on precious metals due to another round of escalation in the US-China trade war.

The Chinese government announced its plan to impose a 10% tariff increase on US imports worth $75 billion, amid expectations of targeting imports of agricultural goods.

And Trump ordered US companies to prepare for an alternative to China and said that US companies should also be prepared to come back home.

While he renewed his attack on the Federal Reserve and China via his Twitter account, as he tweeted "who's our bigger enemy, Jerome Powell or President Xi Jinping?"

Meanwhile, by 19:01 GMT, dollar index fell by 0.5% to 97.5 points, with a high of 98.4 points and a low of 97.5.

At the close of the session, silver futures (September delivery) rose by 2.2% to $17.413 an ounce, and posted a 1.7% weekly gain, with an intraday high of $17.465 and a low of $16.96.

British pound rose against US dollar today, as pressures from dollar eased amid the renewed US-China trade war fears.

Trump renewed his attack on the Federal Reserve and China via his Twitter account, as he tweeted "who's our bigger enemy, Jerome Powell or President Xi Jinping?"

Trump ordered US companies to prepare for an alternative to China amid the escalation of the trade war.

The Chinese government announced its plan to impose a 10% tariff increase on US imports worth $75 billion, amid expectations of targeting imports of agricultural goods.

Otherwise, markets are anticipating the outcome of the shuttle tours of BPM Boris Johnson for a number of European countries in an attempt to renegotiate a Brexit deal.

By 18:42 GMT, GBP/USD rose by 0.3% to $1.2288, with a high of $1.2288 and a low of $1.2195.

Gold saw a sharp rise today on increased haven demand due to trade war escalation and pressures on US Fed in addition to dollar falling.

In a new criticism, US President Donald Trump said: "Who is Jerome Powell, the president of the central bank, or Xi Jinping, president of China?"

Trump renewed his attack on the Federal Reserve and China via his Twitter account, as he tweeted "who's our bigger enemy, Jerome Powell or President Xi Jinping?"

The Chinese government announced its plan to impose a 10% tariff increase on US imports worth $75 billion, amid expectations of targeting imports of agricultural goods.

And Trump ordered US companies to prepare for an alternative to China amid the escalation of the trade war.

Meanwhile, by 18:04 GMT, dollar index fell by 0.5% to 97.5 points, with a high of 98.4 points and a low of 97.5.

Gold futures (December delivery) jumped by 1.9% to $1,537.60 an ounce, to hit a weekly gain of 0.9%, with an intraday high of $1539.5 and a low of $1503.