FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The U.S. Treasuries jumped Thursday as investors await the Federal Open Market Committee (FOMC) members Mester, Kaplan and Williams’ speech, scheduled to be held later in the day.
The yield on the benchmark 10-year Treasury fell 1 basis point to 2.37 percent, the super-long 30-year bonds also slipped 1 basis point to 2.98 percent and the yield on short-term 2-year note too traded 1/2 basis point lower at 1.27 percent by 11:50GMT.
Financial markets registered a slight increase in risk aversion following the US Administration’s failure to pass the health care bill in Congress last Friday. Further, equities extended their declines, especially the banking sector, as expectations of reflationary policy faltered. The movement in US assets dragged down global stocks and pushed up sovereign bond prices.
Meanwhile, the S&P 500 Futures fell 0.12 percent or 2.75 points to 2,354.25 by 11:50GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 23.13 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
