#XAU/USD# #commodities:
#oilprices recorded an increase of nearly 1% compared to the previous session despite being in control by a firmer dollar as #china eased some strict COVID-19 regulations, which gave hopes that economic activity and demand in the nation are recovering. Both Brent crude futures and U.S WTI futures were up 0.9% to $96.86 and $89.76 per barrel, respectively.
#gold lost its safe haven, with prices dropping from a 2-½ month high after hearing the Fed still acting tough against inflation. Spot gold and gold futures fell 0.4% to $1,764.24 and $1,766.95 an ounce. Copper prices retreated from a near five-month high after profit taking, leading futures to fall 0.1% to $3.9322 per pound.
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