Friday afternoon sees a major spike in risk aversion in a response to news from US intelligence that Russia had already decided over Ukraine invasion. The widespread rumour says the attack is planned for next week and it means it could happen before the end of the Winter Games in China. The news adds to an already sour sentiment: US100 is down by nearly 3%, Gold gains 2% and OIL 4% as the US dollar gains across the board.
Oil prices soar to new multi-year highs on Russian aggression fears
📊Daily Summary: PCE inflation slowdown brings relief to Wall Street, but oil continues gains despite return of supply
⚪Platinum: surplus returns after three years of deficit, and price falls below key support. Is there a chance for recovery?
BREAKING: Drop in distillate stocks encourages oil to rebound
US OPEN: Lower Core PCE inflation gives relief to Wall Street, markets rise after GDP revision