Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
The UK gilts slumped Wednesday ahead of Chancellor Philip Hammond's autumn statement, which is scheduled to be released today at 12:30 GMT.
The yield on the benchmark 10-year gilts, which moves inversely to its price, rose 2-1/2 basis points to 1.38 percent, the super-long 30-year bond yield jumped 3-1/2 basis points to 2.04 percent and the yield on short-term 2-year bounced 3 basis points to 0.17 percent by 11:00 GMT.
We foresee that the 10-year gilt yield is heading towards 1.50 percent multi-day and then 1.60 percent.
According to leaked press reports, British Chancellor Hammond is highly expected to surprise market in his autumn statement with huge government infrastructure investment plans which will include 400 million pounds earmarked for the upgrade of existing broadband services and trials of the fresh technology. This is also expected to produce 740 million pounds for trials of new high 5G broadband speed services plus the extension of full-fibre connections to reach millions more households.
He is also expected to be announced in new funding for road and public transportation infrastructure, countrywide, and he is also expected to announce fiscal assistance for struggling families.
Also, the British Prime Minister May commented on Tuesday that she wants to cut corporation tax to the lowest among the world’s 20 largest economies and could cut tax to lower than 15 percent.
Crude oil prices recovered on rising consensus that the OPEC will find a way to reduce production. The International benchmark Brent futures rose 1.33 percent to $49.55 and West Texas Intermediate (WTI) jumped 1.08 percent to $48.76 by 09:30 GMT.
Lastly, investors also remain keen to focus on the upcoming third quarter GDP data on Friday.
Meanwhile, the FTSE 100 traded 0.43 percent higher at 6,849 by 11:00 GMT. While at 11:00 GMT, the FxWirePro's Hourly GBP Strength Index remained slightly bearish at -90.83 (lower than -75 represents purely bullish trend).
