Economic and fundamental developments 17-02-2022

17 Feb 2022 11:24 AM
  • Gold prices rose after NATO, and the United States said that Russia increased its military build-up near Ukraine. Today, the precious metal is trading during the Asian session above $1,870 an ounce.
  • Oil prices fell yesterday with the release of the US Energy Information Administration's report, which showed an unexpected rise in crude oil inventories of 1.1 million barrels. However, prices rebounded during the Asian session today.
  • Asian stock indices fell following yesterday's US indices tracks. Yesterday's US Fed minutes showed that monetary policymakers agreed that it was time to raise interest rates.
  • The performance of the US dollar varied against the major currencies today. At the beginning of the European session, the US Dollar was trading higher against the euro, but it fell against the British pound as traders are assessing interest expectations of central banks


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