Weekly Commodity Podcast With Rav...
Weekly Commodity Podcast With Ravindra Rao | 16th Jan 2023

Kotak Market Mantra by Kotak Securities

Episode notes

Highlights of this week's Commodity Podcast:

• Commodities witnessed solid gains in the previous week.

• U.S. inflation print triggered selling in U.S. Dollar and 10-year bond yields. The U.S. Dollar index fell 1.6% in the previous week.

• COMEX Gold rose to a nine-month high of $1,925 per troy ounce.

• COMEX Silver also closed near a nine-month high of $24.77 per troy ounce amid broad rally in industrial metals.

• Both Brent and WTI Crude Oil, closed the week with more than 8% gains, boosted by Chinese demand optimism.

• Natural gas prices have plummeted almost 25% since the start of this year, mainly due to the warmest start to winter in 20 years.

• In the U.S., the focus will be on retail sales, producer price inflation, whereas in China market participants will be looking for GDP data.

• ... 

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