Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Not many economic data and events scheduled for today, but some with high volatility risks associated.
Data released so far:
- China: 2.9 trillion yuan loans were created in January. M2 money supply rose by 8.6 percent y/y in January.
Upcoming:
- Japan: Machine tools orders report will be released at 6:00 GMT.
- France: Fourth quarter non-farm payrolls report will be released at 7:45 GMT.
- Switzerland: Producer and import price inflation reports will be released at 8:15 GMT.
- United Kingdom: UK inflation reports including RPI, PPI, CPI, and HPI will be released at 9:30 GMT.
- United States: NFIB business optimism report will be released at 11:00 GMT. FOMC member Mester is set to speak at 13:00 GMT.
- Australia: Westpac consumer confidence report will be released at 23:30 GMT.
- Japan: Q4 GDP report will be released at 23:50 GMT.
- Auction: The U.S. will auction 1-month bills at 16:30 GMT.
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