Weekly Commodity Podcast With Rav...
Weekly Commodity Podcast With Ravindra Rao | 13th Feb 2023

Kotak Market Mantra by Kotak Securities

Episode notes

Highlights of this week's Commodity Podcast:

- Commodities largely skewed towards consolidated declines in the week gone by owing to reiteration of hawkish stance by the Fed. Prospects of Chinese demand recovery in the coming weeks managed to provide some cushion.

- Dollar pulled back from weekly high of 103.8.

- This week’s ultra-important CPI print should be the driver for the next leg.

- COMEX Gold and Silver traded in a narrow range this week, in line with stronger dollar and higher U.S. treasury yields.

- The focus will now shift on the U.S. CPI data for more cues on Fed’s hiking path.

- Any uptick in the U.S. inflation might prove further weakness for gold prices and vice versa.

- WTI and Brent Crude both rebounded sharply and closed the week with 8% upside. - EIA expects China oil demand to  ... 

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