Commodity Catch-up With Madhavi Mehta | 1st August 2022
Kotak Market Mantra by Kotak Securities
Episode notes
Highlights of the Commodity Podcast:
- Commodities rise for a second straight week as the U.S. dollar corrects further on Fed debate.
- Bullion, base metals, and energy all ended higher with zinc and silver coming out as the best performers.
- The U.S. dollar index fell for a second week on Fed's interest rate decision and disappointing GDP data.
- The Fed raised interest rate by 0.75%, in line with expectations; Fed Chair says central bank may slow down for some time.
- U.S. GDP fell 0.9% in Q2 after a 1.6% decline in the first quarter.
- Gazprom PJSC cuts natural gas supplies via Nord Stream to the European Union to about 20% of the pipeline’s capacity.
- The Politburo, the Communist Party’s top decision-making body, urged efforts be made to “strive for the best outcome” for economic growth.
- Jap ...