Commodity evening market update on 10 March 2022

· Commodities retreat from highs as market players overlook supply risks

· COMEX gold trades about 1% lower near $2020/oz as gains in equities reduced safe haven appeal

· Industrial metals barring aluminium are pressurized by uncertainty caused by nickel volatility and trade suspension

· NYMEX crude trades about 1% lower near $122/bbl amid profit taking ahead of inventory report

· The US dollar index trades about 0.5% lower near 98.5 level on reduced safe haven appeal

· European equities trade higher while US DJIA futures are up about 450 points; Chinese equities tested June 2020 lows

· Russia and Ukraine foreign ministers to meet in Turkey this week- forexlive

· EU agrees to new sanctions against Russian leaders, oligarchs- forexlive

· Russia says response to Western sanctions will be sensitive and precise- forexlive

· IMF has approved $1.4 billion in emergency support for Ukraine – Reuters

·  Tsingshan has secured a package of loans from banks–Bloomberg