The dollar fell broadly on Monday after a difficult week, after more Chinese cities, including financial hub Shanghai and Urumqi in the far west, announced easing restrictions related to Covid-19, which contributed to an increase in demand for oil ;
Oil prices jumped 2% on Monday after OPEC+ countries kept their production targets ahead of the European Union’s ban on Russian crude, and Brent crude futures rose 2.2%, or $1.84, to $41.87 a barrel at 01 :42 GMT. While US West Texas Intermediate crude futures rose 2%, or $1.64, to $62.81 a barrel.
Gold futures rose during Today’s trading, as gold traded above $1,800 an ounce, reaching its highest level in five months.
Gold in futures contracts increased during today’s trading to levels near $1822.9, an increase of $11 an ounce, at a rate of 0.6%, the highest since last June 27.