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Russia defaulted on its foreign sovereign bonds for the first time since the Bolshevik revolution, as sweeping sanctions effectively cut the country off from the global financial system and rendered its assets untouchable to many investors.

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Aluminium -3950
Copper +11825
Lead 0
Nickel -360
Zinc +2550

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CRUDE Oil prices edged down on Monday in a volatile session as investors stood on guard for any moves against Russian oil and gas exports that might come out of a meeting of leaders of the Group of Seven (G7) nations in Germany.

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GOLD WAS UP ON MONDAY MORNING IN ASIA AS SOME COUNTRIES FROM THE GROUP OF SEVEN (G-7) PLAN TO BAN BULLION IMPORTS FROM RUSSIA, WHICH MIGHT TIGHTEN SUPPLIES.

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U.S. Federal Reserve officials have kept up their hawkish rhetoric with San Francisco Federal Reserve Bank President Mary Daly saying on Friday that another 75 basis point interest rate hike in July is her “starting point,”. But markets have dialled down bets of aggressive rate hikes

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Stocks gained in Asia on Monday amid improved risk sentiment after Wall Street rebounded strongly at the end of last week as oil prices eased, tempering fears of prolonged inflation and the accompanying aggressive Federal Reserve tightening.

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GOLD, SILVER WON 400/600 Pts
CRUDE, NG WON 180/20 Pts
COPPER, ZINC WON 8/3 Pts
XAU/USD WON 8 Pts

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