Weekly Commodity Podcast With Ravindra Rao | 6th Feb 2023

Kotak Market Mantra por Kotak Securities

Notas del episodio

• An explosive and volatile week came to an end with commodities witnessing a sharp fall. It was a week with important events from big central bank policies along with important monthly economic data.

• The U.S. central bank hiked interest rates by 25 basis points (bps) but Fed Chair Jerome Powell seemed less hawkish in his comments.

• ECB and BOE also hiked rates by 50 bps but their forward guidance was moderately on the dovish side.

• The U.S. Dollar witnessed a sharp rebound above 102.50 after having tumbled below 101, the lowest since April 2022.

• COMEX Gold hit a fresh 9-month high of $1975.2/oz as Fed Chair post policy comments were perceived as dovish.

• Silver prices slipped from $24.60/oz and closed the week with a sharp fall of around 5%.

• WTI and Brent Crude witnessed a second consecutive wee ... 

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