Gold is poised to fall for the second year running in 2022 as aggressive interest rate hikes from the Federal Reserve fuelled a dollar rally that challenged the precious metal's role as a safe place to park assets.

NEW YORK (Reuters) -Oil was on track for a second straight annual gain in a turbulent year marked by tight supplies following the war in Ukraine, weakening demand from the world's top crude importer China and growing fears over global economic growth.

NEW YORK (Reuters) -Oil prices swung wildly in 2022, climbing on tight supplies amid the war in Ukraine, then sliding on weaker demand from top importer China and worries of an economic contraction, but closed the year on Friday with a second straight annual gain.

Just over half of the 50 U.S. states are exhibiting signs of slowing economic activity, breaching a key threshold that often signals a recession is in the offing, new research from the St. Louis Federal Reserve Bank report said.

NEW YORK (Reuters) -Oil was on track for a second straight annual gain in a turbulent year marked by tight supplies following the war in Ukraine, weakening demand from the world's top crude importer China and fears over global economic contraction.

Industrial metals markets hoping for improving demand and a price rally may have to wait a few more months with the headwinds of slow growth likely to dominate the economic landscape for some time.