Commodity Market Analysis and Outlook - 04th December - 8th December, 2023

1. Mixed Signals in the US Economy has Sparked Speculation on Rate Cuts and this has Impacted Global Markets

2. Earlier in the week, the dollar slipped to a four-month low of 102.6 as two of the most hawkish Fed officials signalled a possible pause in rate hikes, reinforcing the belief that the current cycle may be completed

3. The greenback rebounded to 103.59 by month-end, erasing weekly losses but still closed November with a notable 3% decline, marking its largest monthly drop in 2023

4. COMEX Gold prices experienced a notable surge, reaching a six-month peak at $2073.2 per troy ounce during the previous week, closely approaching the all-time high of $2089.2 achieved during the pandemic. This upward momentum was driven by a simultaneous decline ...