Commodity Catch-up with Madhavi Mehta | 22nd August 2022

Key events this week include Jackson Hole Symposium, U.S. GDP growth estimate, manufacturing and services PMI from U.S. and Europe.Find out in our weekly commodity outlook and trading strategy for Gold, Silver, Crude Oil, and base metals.Highlights of this week's Commodity Podcast:- Commodities end sharply lower on firmness in the U.S. dollar, weaker demand outlook.- The U.S. dollar index rose to 1-month high on safe haven buying, Fed’s tightening debate.- Fed officials saw a need to eventually dial back the pace of interest-rate increases and warned against over-tightening but also flagged the risk of inflation becoming entrenched, as per FOMC minutes.- Euro-zone consumer price rose at a record 8.9% pace in July in line with expectations.- U.K. consume price rose 10.1% on the year in July, the fastest in 40 years.- Nyrstar will shut its Budel zinc smelter in the Netherlands from Sept. 1st.- Norsk Hydro is planning to shutter an aluminium smelter in Slovakia at the end of next month.- Local governments have room to issue an extra 1.55 trillion yuan in special debt and bonds this year to support infrastructure investment.- Indonesia said China’s Xi Jinping and Russia’s Vladimir Putin plan to be at a Group of 20 summit in Bali later this year.