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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