The geopolitical tensions around Ukraine may have influenced the bullish bias of options markets. China’s latest covid infection adds to the rush for risk-safety.
It is worth noting that metal prices are in a three-day downtrend and taking offers to renew intraday lows around $1,066 as of Friday’s Asian session.
Despite this, the latest weakness in the metal could be linked to the stronger US Dollar and the downbeat Gold prices.
