Weekly Commodity Podcast by Ravindra Rao | 28th Aug 2023
Kotak Market Mantra di Kotak Securities
Note sull'episodio
Highlights of this week's Commodity Podcast:
Leggi dettagli- In a much-anticipated address at the Jackson Hole symposium, Federal Reserve Chair Jerome Powell acknowledged the progress made in mitigating inflation from its peak last year
- He also emphasized that inflation remained "too high," suggesting that interest rates could remain elevated for an extended period, leaving room for additional rate hikes
- As expected, Powell highlighted that economic growth and labor market conditions would be closely monitored when making policy decisions
- After reaching to 2007 highs US Treasury yields retreated following softer-than-expected PMI data, prompting a resurgence in gold prices, which saw a weekly gain for the first time in four weeks
- COMEX Silver also closed the week with a notable gain of 6.51%, boosted by rises in both gold and ...
Parole chiave
niftycommoditycommoditymarketcommodityupdates