Gold and silver could have contrasting fortunes over the next 12 months, while the direction of oil futures hinges on Opec's accord holding up.
Gold prices mounted a recovery run from Fed-driven lows while oil futures remained largely flat.
Deal comes days after BP hammers out oil agreement more than twice the size with United Arab Emirates.
UK inflation was bumped up by rising fuel prices, British drivers should brace themselves for more.
Oil and gas stocks rose on crude production cuts, but leading indices slid as Barclays unveil French retail banking unit sale.
Non-Opec nations have agreed to cut output by 558,000 barrels a day.
Group of 11 states including Russia and Mexico to slash output by 558,000 barrels per day from 1 January.
The decision comes ahead of the talks between Opec and non-Opec nations in Vienna on Saturday.
Brent, WTI futures rise ahead of approaching summit between Opec and non-Opec producers.
Brent, WTI futures slide ahead of approaching summit between Opec and non-Opec producers.
Opec's surprise decision to cut oil production by 1.2 million barrels per day has boosted the crude oil price.
Brent, WTI rally comes to an end after survey reveals Opec pumped 34.16m bpd in November.
Brent, WTI extend positions above $50 as market awaits Opec-Russia talks.
Pound climbs above €1.19 after Brexit Secretary David Davis says Britain could pay to retain access to single market.
On Wednesday, Opec agreed to cut oil production by 1.2 million barrels per day.
Brent, WTI futures spike as market prices in a production cut by Opec on positive ministerial soundbites.
Suhail Al Mazroui tells IBTimes UK that Opec was working 'overtime' towards an oil market solution.
Most analysts said they expect some form of deal to emerge from the Opec meeting.
Fears of oil sliding to $40 escalate as preliminary Opec talks yield little, while Russians pull out of talks.
The markets are awaiting the outcome of Opec ministers' meeting to work out a production cut.
Opec seeks solutions as ministers' meeting nears with oil benchmarks well below $50 per barrel
Investors fear that Opec nations will not agree to a production cut at Wednesday's meeting.