Commodity Podcast With Ranvindra Rao | 17th October 2022
Kotak Market Mantra di Kotak Securities
Note sull'episodio
Highlights of this week's Commodity Podcast:
- Commodities ended the volatile week with losses as U.S. inflation print and FOMC meeting minutes revived expectations of another interest rate hike.
- The widely watched CME Fed Watch tool now assigns a 97% probability to a 75 basis point rate hike in the November FOMC meeting.
- The US dollar index is yet to break above the recent highs set near 114.78 and till that holds it can be vulnerable to corrective dips.
- COMEX Gold witnessed worst weekly close since August amid steady U.S. Dollar and rising treasury yields.
- Demand concerns might weigh on crude oil prices for the week. - Global growth outlook remains bleak and with inflation at higher levels, further downgrades cannot be ruled out.
- Except copper, LME base metals traded lower on serious demand co ...