Market Drivers – European Session 14-3-2022

Ukrainian President Volodymyr Zelenskyy will address the US Congress at 1300 GMT on Wednesday, March 16, US Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi announced in a joint statement on Monday.

A Ukrainian negotiator said on Monday that official talks with Russia had been paused until Tuesday, as reported by Reuters.

Platinum fell 3.7 percent to 1039.85 dollars. And gold fell 1.2 percent to $ 1962.01 an ounce, while US gold futures fell one percent to $ 1964.00.

The Suez Canal Authority said in a circular on Monday that it will cancel the discounts it granted to LNG tankers transiting it, as of March 15.

The authority had said in October that it would reduce the discount on transit fees for tankers to 15 percent from 25 percent.