Commodity Catch-up With Madhavi Mehta | 5th September 2022

Commodity Market Analysis and Outlook- Metals and Energy- 05th Sept- 09th Sept- Commodities fell sharply on firmer U.S. dollar, growth concerns and sell-off in European gas prices.- The U.S. dollar index jumped to 2002 high on expectations of aggressive moves by the Fed.- U.S. non-farm payrolls rose by 315K as against forecast of 300K rise; unemployment rate rose from 3.5% to 3.7%.- China’s Chengdu region put its 21 million people under lockdown while Shenzhen extended curbs on public activities.- Germany's gas storage facilities on Friday reached the October goal of 85%.- G-7 finance ministers agreed to impose a price cap on Russian oil.- Russian gas supply from Nord Stream pipeline not to resume post 3 days maintenance.- Key event in the coming week is ECB monetary policy decision; market players debating between 0.5% or 0.75% hike.