Oil prices fell on Monday as concerns about weak economic growth in China, the world’s top oil importer, outweighed fears of potential supply stress from a potential European Union ban on Russian crude.
Gold prices dipped on Monday in the international market as elevated US Treasury yields pressured demand for zero-yield bullion, ahead of a key US Federal Reserve meeting later this week where the central bank is expected to aggressively raise its interest rates.
Oil was broadly steady on Wednesday after Russia cut gas supplies to Bulgaria and Poland, although lingering concerns about Asian coronavirus lockdowns weighing on economic growth and oil demand kept a lid on prices.
Gold prices fell on Wednesday as the U.S. dollar consolidated at its highest level in more than two years and pressured demand for greenback-priced bullion