Commodity Catch-up With Madhavi Mehta | 8th August 2022

The key events include the U.S. inflation and UK GDP data.Get the full market update and strategy for Gold, Silver, Crude Oil, and base metals.Highlights of this week's Commodity Podcast:- Commodities ended mixed on U.S. dollar rebound, growth concerns and geopolitical tensions.- Gold tested 1-month high but then corrected sharply; Zinc gained more than 5% while crude oil slipped to February lows.- The US dollar index ended higher for first time in three weeks on hawkish Fed comments and U.S. jobs report.- U.S. jobs rose by 528,000 in July as against market expectations of a 250K rise; unemployment rate fell from 3.6% to 3.5%.- Bank of England raised interest rates by 0.5% and warned that the UK will fall into recession this year.- China’s trade surplus widened to $101.26 billion in July; exports rose 18% while imports gained 2.3%.- China on Saturday warned the U.S. not to "stir up a bigger crisis" over Taiwan.- The southern Chinese resort city of Sanya imposed a lockdown on Saturday.- The key events this week include the U.S. and China inflation, UK GDP and industrial production.