Downturn in equity markets and the prospect of higher interest rates, along with rising inflation, coupled with China’s struggle to contain the pandemic and the ongoing Russia-Ukraine tussle have kept commodities under pressure

In the course of the past fortnight, a majority of Asian stocks fell to an almost two-year low while the US dollar hit its highest in two decades. Data indicates that US’ inflation is very high and hurting investor sentiments due to aggressive interest rate hikes to control it.

Bears dominated the Indian equity markets over the recent fortnight. 

With US Federal Reserve going ahead with an aggressive rate hike and most global central banks following suit, a sense of uncertainty is flowing through the world markets