Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Yesterday, the U.S. Commerce Department concluded its preliminary investigations into imports of Glycine from India, Thailand, and Japan and it has found that exporters are receiving dumping the products at rates below their fair value,
- Japan – 10.86-80.49 percent
- India – 53.66-86.22 percent
As a result of the findings, the commerce department has asked the U.S. customs and border patrol (CBP) agency to collect cash deposits from importers of the item based on these preliminary rates. The final decision will come by April next year.
The investigation was initiated based on petitions filed by GEO Specialty Chemicals, Inc. of Indiana and by Chattem Chemicals, Inc. of Tennessee.
According to the department’s calculations, the imports of cast iron soil pipes from India and Japan were valued at an estimated $6.7 million, $9.5 million respectively in 2017.
Under President Trump, the U.S. Commerce Department has significantly stepped up its investigations into foreign malpractices in trade and the number of investigations initiated is 186 percent more than the previous administration.
