#XAU/USD# #commodities:
Weakening Chinese manufacturing activity due to lockdown measures along with concerns related to OPEC+’s last meeting about the supply cut and the dollar drop ended the three-day rally of oil prices. Brent crude #futures and WTI crude #futures remained unchanged at $86.83 and $80.50 respectively on per barrel.
#Metalprices rallied on speculation of smaller rate hikes and scaleback of COVID-19 restrictions in China. #Spotgold inched up 0.5% to $1,778.20 while #goldfutures added 1.8% to $1,791.25. #Copperprices firmed around $3.7838 a pound, after gaining more than 4% in the previous session.
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