Commodity Market Analysis and Outlook - 13th November - 17th November, 2023

• Throughout the previous week, the Federal Reserve's communications played a pivotal role in shaping market sentiment.

• Fed Chair Jerome Powell’s recent warning of potential further rate hikes brought an end to the market's optimistic tone that began the week on a high note.

• On the data front, US consumers’ long-term inflation expectations increased to 4.4%, highest since 2011, compared to last month’s 4.2%.

• The US Dollar that had dipped to a six-week low of 104.84 at the initial part of the week, rebounded close to 106 as doubts emerged regarding the speed of interest rate cuts.

• COMEX Gold faced its second consecutive weekly decline, influenced by easing geopolitical tensions and signals from Fed officials pointing to a prolonged ...