Brent is again falling towards $62 levels on Russia Ukraine peace deal talks. A slide below $60 levels is likely if the truce happens.

Brent has fallen to 63.5 levels after making recent highs of 67 due to rising supplies.

Gold has fallen today by almost 1% after China ended tax incentives on gold sales for retailers.

OPEC+ decision on Sunday to halt any output hikes finally recognises the supply glut in crude globally.

Both from a valuation perspective & equities recent rebound, Gold prices now risks a correction.

The $60 support on Brent is likely to be broken soon as we have been writing in our opinion pieces for past few months.