Commodity Podcast With Ranvindra Rao | 17th October 2022

Highlights of this week's Commodity Podcast: - Commodities ended the volatile week with losses as U.S. inflation print and FOMC meeting minutes revived expectations of another interest rate hike. - The widely watched CME Fed Watch tool now assigns a 97% probability to a 75 basis point rate hike in the November FOMC meeting. - The US dollar index is yet to break above the recent highs set near 114.78 and till that holds it can be vulnerable to corrective dips. - COMEX Gold witnessed worst weekly close since August amid steady U.S. Dollar and rising treasury yields. - Demand concerns might weigh on crude oil prices for the week. - Global growth outlook remains bleak and with inflation at higher levels, further downgrades cannot be ruled out. - Except copper, LME base metals traded lower on serious demand concerns. - CPI data around the globe, especially in the UK and Eurozone, might keep markets volatile.