Commodity Catch-up With Madhavi Mehta | 1st August 2022

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.- Japan will allow local authorities to invoke countermeasures against the spread of COVID.- Key events for this week are the U.S. non-farm payrolls data, Bank of England's interest rate decision, and manufacturing and PMI data from the U.S. and Europe.