Commodity Market Analysis and Outlook - 31st July - 04th August, 20231. It has been a roller-coaster ride in the markets last week, with volatility gripping the scene due to uncertainty surrounding the Federal Reserve's next policy move.2. As widely expected, the Federal Reserve raised interest rates by 25 basis points, marking the highest rate level since 2001, now ranging from 5.25% to 5.5%.3. Despite this dovish sentiment, positive US economic data indicated persistent price pressures, leaving room for the possibility of additional rate hikes and leading to a remarkable rebound in the Dollar Index to 102 levels.4. COMEX Gold slipped from its high to a two-week low due to positive US data strengthening the Dollar and treasury yields.5. LME base metals held onto gains, fuelled by hopes of China cutting interest rates, issuing infrastructure bonds,  ...