Weekly Commodity With Ravindra Ra...
Weekly Commodity With Ravindra Rao | 26th September 2022

Kotak Market Mantra by Kotak Securities

Episode notes

- Global risk appetite may continue to remain low as speeches by ECB President, Federal Reserve chair, and several FOMC members will be closely watched.

- Spot Gold in U.S. Dollar terms might continue to trade lower amid a breakdown below $1670/oz. Silver might follow.

- Crude oil and natural gas near important supports. Any breakdown might pull them further lower.

- Amongst the base metals, aluminum looks weaker.

- The U.S. Dollar has been dominating for the last 5 out of six weeks as hawkish FED and Putin’s mobilization of 300k Russian troops has taken it to a fresh two-decade high.

- The volatile situation in Russia will keep markets nervous.

- The focus for the week would be on U.S. GDP, Core PCE, and China's manufacturing PMI data for clues on the economic situation.

APN:

Spot Gold might cont ... 

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