Weekly Commodity Podcast with Ravindra Rao | 15th January 2024
Kotak Market Mantra di Kotak Securities
Note sull'episodio
Highlights of this week's Commodity Podcast:
1. Global markets experienced fluctuations in risk sentiment while closely monitoring inflation reports from both the United States and China, amid escalating geopolitical tensions in the Middle East.
2. US inflation figures surpassed expectations, leading to an immediate upturn in both the dollar and US 10-year treasury yields, surpassing 102.7 and 4%, respectively.
3. However, cooler-than-expected producer inflation print in the US on Friday, fostered speculation of earlier monetary easing by the Fed.
4. COMEX Gold prices rebounded sharply from a low of $2017 following the US inflation release. Despite initial volatility, gold prices ended the week flat due to a cooler-than-expected producer inflation print in the US
5. The ongoing Middle East conflict continued to drive ...