Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Earlier this week, the U.S. Commerce Department concluded its final investigations into imports of forged steel fittings from China and it has found that exporters from Taiwan are selling the above-mentioned product I the United States 116.17 percent less than fair value. As a result of the findings, the commerce department has asked the U.S. customs and border patrol (CBP) agency to collect cash deposits from importers of this item.
The investigation was initiated based on a petition filed by a group of companies; Bonney Forge Corporation (Mount Union, PA), and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial, and Service Workers International Union (Pittsburgh, PA).
According to the department’s calculations, the imports of forged steel fittings from Taiwan were valued at $18.9 million in 2017.
Under President Trump, the U.S. Commerce Department has significantly stepped up its investigations into foreign malpractices in trade and the number of investigations initiated is 30 percent more than the previous administration.
