#XAU/USD# Commodities:
#oilprices fell on the weakening global demand in response to China’s sanking crude #imports related to #COVID-linked restrictions and gloomy economic data. On the other hand, weaker business activity indicators from major economies also signaled more headwinds for global crude appetite. Brent crude oil dropped 0.3% to $91.22 a barrel while U.S WTI futures traded flat around $84.56.
The steady dollar and growing concerns over the slowing global economy pressured #goldprices to stick near key support levels of $1,650; however, both spot gold and gold futures still gained 0.2%.
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