- Commodities largely traded higher amid supply tightness concerns, while recovery in dollar on Fed’s commitment to tame inflation attempted to limit gains.

- Repeated hawkish commentary by Fed officials added to signs of undeterred Fed’s monetary tightening expectations.

- Gold closed the week 1.7% higher but retreated from higher levels and closed near $1700/oz as signs of robust U.S. labor market added to bets of another 75 bps rate hike.

- COMEX silver too slipped from $21/oz but still close 5% higher near $20/oz.

- For the week bears might try to keep the prices lower as speeches by several Fed members and FOMC meeting minutes are likely to reiterate on the tightening stance.

- Renewed dollar strength might limit the gains in oil prices this week.

- Commodities might trade sideways to lower for the week  ...