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West pressure on Russia may not only impact risk sentiment but also supply outlook for commodities
Commodities seem to have braced the wave of central bank meetings but closed another week lower highlighting weaker market sentiment. Gold remained under pressure on back of higher yields and firmer US dollar but managed to hold above the recent April 2020 lows while silver outperformed once again. Industrial metals were largely under pressure on weaker risk sentiment and growth worries which offset supply risks relating to Russia. Crude oil is set for a fourth weekly loss as demand concerns and monetary tightening countered supply risks. The US dollar continued to play spoilsport for commodities. The US dollar index ... (full story)
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- Sep 25, 2022 9:26am Sep 25, 2022 9:26am
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Faucon - | Joined Jan 2012 | Status: Member | 165 Comments
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- Posted: Sep 24, 2022 10:00pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 2,222
