ASIA-PAC COMMODITIES UPDATE: Consolidation across commodities following USD-induced gains

Analysis details (02:57)

WTI Dec and Brent Jan futures resumed trade with modest gains on account of to the softer Dollar, with the former north of USD 88/bbl and the latter holding onto USD +94/bbl status. Spot gold is flat but trades with gains above USD 1,650/oz, with the yellow metal on either side of its 21 DMA (1,667.96/oz). CME and LME copper consolidate following the prior day’s Dollar-induced gains.

27 Oct 2022 - 02:57- Research Sheet- Source: Newsquawk

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