- Global risk appetite may continue to remain low as speeches by ECB President, Federal Reserve chair, and several FOMC members will be closely watched.
- Spot Gold in U.S. Dollar terms might continue to trade lower amid a breakdown below $1670/oz. Silver might follow.
- Crude oil and natural gas near important supports. Any breakdown might pull them further lower.
- Amongst the base metals, aluminum looks weaker.
- The U.S. Dollar has been dominating for the last 5 out of six weeks as hawkish FED and Putin’s mobilization of 300k Russian troops has taken it to a fresh two-decade high.
- The volatile situation in Russia will keep markets nervous.
- The focus for the week would be on U.S. GDP, Core PCE, and China's manufacturing PMI data for clues on the economic situation.
APN:
Spot Gold might continue to trade lower
U.S. GDP data in focus
Find out in our weekly commodity outlook and trading strategy for Gold, Silver, Crude Oil, and base metals.
