Commodities Fluctuate between Gains and Losses on USD's Strength
BonTradeUSD remains firm in European session as investors await jobless claims data later today. Bank risks in the Eurozone triggering selloff in the euro also helped strength in the dollar. Commodities fluctuate between gains and losses. The front-month contract for WTI crude oil crawled higher to 90.71 earlier in the day before pulling back while the benchmark contract for gold moved sideways. While macroeconomic outlook remains a driving force for commodity movements, we expect its impacts to lower this year as investors put more focus on fundamentals.
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Commodities Fluctuate between Gains and Losses on USD's Strength
