The Gold price came under pressure with some delay after the Fed meeting. A brief rise to a new record high of more than $3,700 per troy ounce was followed by a decline of around $70 by Thursday morning, Commerzbank's commodity analyst Carsten Fritsch notes.
The Russian pipeline monopoly has warned that Russian Oil production might have to be reduced due to Ukrainian drone attacks. This was reported by three industry sources. In addition to several refineries, Russia's largest Oil port on the Baltic Sea had recently been targeted in an attack.
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.38 per barrel, down from Wednesday’s close at $63.63.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.28 after its previous daily close at $67.53.