Oil prices managed to finish last week higher, settling up almost 2.9% higher as enthusiasm over a potential Russia-Ukraine ceasefire wanes.

Feeling economic and political pressures, Fed Chair Powell finally conceded to taking his first step on the stairs of hopeful monetary policy.

USD/CAD trades with caution around 1.3820 as Fed Powell’s dovish guidance has battered the U.S. Dollar.

Silver soared to $39 per ounce, nearing its 14-year high of $39.5 reached in late July, amid the prospect of a Fed rate cut.