#XAU/USD# #commodities:
Despite the dollar's tumble, #oilprices slumped 3% as Covid-19 battle in China escalated and as crude futures market participants tried to limit exposures ahead of weekly U.S inventory data due on Wednesday. Brent crude was down 2.6% to $95.36 while U.S WTI lost 3.14% to $88.91 per barrel.
Resurgent safe haven demand and weaker dollar sent #goldprices to one-month high. Spot gold traded above $1,700 while gold futures rose to $1,715.90. Both instruments edged up over 2% in the last session.
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