Economic and fundamental developments 28-03-2022

28 Mar 2022 11:53 AM
  • At the beginning of the week, oil prices fell after China announced a gradual closure to tackle the rising Covid-19 infections. Brent contracts traded more than 2.5% lower during the Asian session.
  • Several Asian stocks and US stock indices fell on Monday ahead of a barrage of economic data, staring US labor market report.
  • The US dollar rose about 0.40%, accompanying US bond yields. 10-year US government bond yields have been at their highest since April 2019.
  • Gold prices were affected negatively by the dollar's latest bullish movement, as the precious metal was traded during the Asian session at its lowest, around $1,932 an ounce. Silver prices also fell below $25 per ounce.


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