Silver hovered near $72.80 as dollar weakened; oil-driven inflation fears pressured prices, extending weekly declines.
Makhlouf says ECB has no preset rate path, targets 2% inflation, weighs possible hikes amid uncertainty.
Eurozone seasonally adjusted trade surplus increased to €12.1 billion in January, up from €11.6 billion previously.
Eurozone trade balance unexpectedly turned negative in January, posting a €1.9bn deficit versus €12.8bn surplus forecast.
Italy posted a €1.089bn January trade surplus, well below the €5.6bn forecast, indicating weaker-than-expected results.
Italy’s EU trade deficit narrowed to €1.138bn in January from €2.447bn, improving by €1.309bn.
Eurozone current account balance fell to €13bn in January from €34.6bn, marking a €21.6bn drop.
Eurozone January seasonally adjusted current account surplus hit €37.9bn, exceeding the €17.2bn forecast by €20.7bn.
Brent slid on de-escalation hopes, but tight supply, falling inventories, and possible Iran sanctions relief keep risks up.
Dollar slid as ECB/BoE hawkishness and oil stayed high; commodity moves dominated FX amid cautious war optimism.
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