Commodity Catch-up with Ravindra ...
Commodity Catch-up with Ravindra Rao | 28th November 2022

Kotak Market Mantra by Kotak Securities

Episode notes

Highlights of this week's Commodity Podcast:

• Commodities traded mixed last week with precious metals trading flat to positive, whereas Industrial metals and oil fell.

• The Chinese central bank reduced the reserve requirement ratio by 0.25%, while the FOMC minutes showed policymakers were with the view of slower rate hikes ahead.

• US Dollar index fell by more than 1% after the release of the minutes.

• The focus for the week will be on U.S. economic data prints including Q3 GDP, ISM Manufacturing PMI, and monthly jobs report.

• Weakening data points will be negative for dollar index and positive for precious metals.

• Oil witnessed wild swings in the previous week; focus will now shift to Dec 4th OPEC meeting.

• Liquidity injection by the Chinese central bank in the form of a RRR cut by 0.25% might sup ... 

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Keywords
goldoilmetal