Weekly Commodity Podcast by Ravin...
Weekly Commodity Podcast by Ravindra Rao | 25th Sept 2023

Kotak Market Mantra di Kotak Securities

Note sull'episodio
Highlights of this week's Commodity Podcast:• As predicted in our audiocast last week, we witnessed some notable movements in the commodities market. • Silver rallied impressively, gaining around 2.20%, while NYMEX WTI crude oil reached a new high, finding strong support at the $88 per barrel mark.• Market sentiments faced a significant challenge as the Federal Reserve, in its September policy meeting, reiterated its commitment to maintaining "higher for longer" interest rates.• COMEX Gold faced a decline, touching a one-week low at $1933.1/oz. In contrast, silver extended its gains and traded near $24 per troy ounce, buoyed by increased holdings in iShares.• WTI Crude oil, it experienced its first weekly decline in four weeks, primarily due to the prospects of further rate hikes in the US, which weighed on risk appetite.• Meanwhile, LME base metals ... 
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