Commodities evening market info 11-3-2022 mcxnews mcxtips

· Commodities trade mixed as Russia-Ukraine tensions, inflation concerns keep market players on toes

· COMEX gold trades marginally lower near $1995/oz amid gains in US dollar and higher bond yields

· Industrial metals trade mixed to higher as supply risks counter challenge to economic growth

· NYMEX crude trades modestly higher near $107.5/bbl as market players look for replacement of Russian oil

· The US dollar index trades 0.2% higher near 98.7 levels as market players position for Fed meeting next week

· European equity markets trade largely higher while US DJIA futures are up about 150 points

· President Biden expected to call for end of Russia preferential trade status

·  Ukrainian ambassador to Japan said it was possible Russia would be willing to use nuclear weapons

· UK industrial production rose 0.7% in Jan as against forecast of 0.1% growth; manufacturing production rose 0.8% as against forecast of 0.2%