FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Yesterday, U.S. Commerce Department announced that it has finished its preliminary investigations on imports of rubber bands from China and found that Chinese exporters received countervailing subsidies to the tune of $125.77 million. The investigation was initiated based on a petition filed by Alliance Rubber Company of Arizona.
The department has now asked the U.S. Customs and Border Protection Agency (CBP) to collect cash deposits from importers based on the above-mentioned rate. According to the department’s calculations, U.S. imported $4.9 million worth of rubber bands from China in 2017.
The Commerce Department has significantly stepped up AD & CVD (Countervailing duties) investigations and actions under the Trump administration. The number of investigations initiated and settled in the first 529 days is 30 percent more than the previous administration.
