Gold prices extended lower as Russia noted there are “certain positive shifts” in negotiation with Ukraine. Rising Treasury yields also dented the precious metal. Gold ETFs saw large net inflows ov.
Wall street equities closed lower on Friday, dragged by the tech sector as rising inflation threatened the economic recovery. The Hang Seng Index may trade lower amid rising Covid cases in mainland.
The S&P 500 index may continue to fall amid a heightened Ukraine crisis as stagflation fears deepen. US CPI hit a fresh 40-year high of 7.9%, spurring concerns that the Fed will tighten more aggres.