Weekly Commodity Podcast by Ravin...

Weekly Commodity Podcast by Ravindra Rao | 18th Dec 2023

Kotak Market Mantra by Kotak Securities

Episode notes

 The markets experienced a surge in positive momentum after the Federal Reserve delivered its strongest indications yet of a forthcoming pivot to easing monetary policy in the coming year.

 For the first time since March 2021, Federal Open Market Committee (FOMC) officials projected no further interest-rate hikes.

 Notably, the fed funds rate was forecasted to be at 4.6% by the end of the next year, signalling a potential 75 basis points rate cut—well below previous projections of 5.1%.

 the US Dollar slid to 101.77, and US 10-year treasury yields dipped below 4% for the first time since August.

 Amidst these market dynamics, COMEX Gold surged to $2062.9/oz and Siler traded as high as $24.59/oz, benefiting from rising bets on a reduction in borrowing costs in March that weighed on treasury yields

 Crude oil als ... 

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