Commodity prices fell as Ukraine tension is easing. Today Russia president Vladimir Putin called back soldiers from western Russia after the end of military training.
In energy commodities, WTI contract for April delivery fell by 1.38% to $103.44, Brent crude oil April future slid to $109.48 down by 1.53%. In precious metals Gold and Silver fell by 1.27% and 1.73% to $1334.32 and $21.17 respectively. GSCI Index for industrial metals also fell by 1.03% in one day.
There seems high selling of commodities after above expected gain on the geopolitical issue. Investors are reversing bets to get the advantage of advanced prices. Downfall in commodity prices may continue for short time. U.S. economic releases during the week ahead may affect the present trend.
On the other side Global stocks gained today. At European market all indices remained positive. Asian stocks also closed positive except shanghai index.
Markets are coming in earlier condition with softening issue of Ukraine.