Weekly Commodity Podcast by Ravindra Rao | 30th Oct 2023
Kotak Market Mantra by Kotak Securities
Episode notes
Commodity Market Analysis and Outlook - 30th October - 3rd November, 2023:• In the past week, global financial markets experienced notable fluctuations, influenced by developments in the Israel-Hamas conflict, mixed corporate earnings reports, and the rollout of economic stimulus measures in China.• The US dollar received a boost from a combination of lackluster corporate earnings, safe-haven demand, and signs of resilience in the US economy.• It reached a 3-week high, trading at 106.89. US 10-year treasury yields also remained near a 16-year high, crossing the 5% mark for the first time since 2007.• COMEX Gold climbed above $2,000 per ounce, marking its third consecutive weekly gain amid escalating geopolitical uncertainties in the Middle East.• In this uncertain environment, gold prices have and are expected to rise further as the metal benefits ...
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