Weekly Commodity Podcast With Ravindra Rao | 10th October 2022

- Commodities largely traded higher amid supply tightness concerns, while recovery in dollar on Fed’s commitment to tame inflation attempted to limit gains.- Repeated hawkish commentary by Fed officials added to signs of undeterred Fed’s monetary tightening expectations.- Gold closed the week 1.7% higher but retreated from higher levels and closed near $1700/oz as signs of robust U.S. labor market added to bets of another 75 bps rate hike. - COMEX silver too slipped from $21/oz but still close 5% higher near $20/oz. - For the week bears might try to keep the prices lower as speeches by several Fed members and FOMC meeting minutes are likely to reiterate on the tightening stance.- Renewed dollar strength might limit the gains in oil prices this week.- Commodities might trade sideways to lower for the week as dollar may see extended recovery on increased prospects of a hefty interest rate hike.- U.S. retail sales and inflation data will be watched closely for more clues on the economy.APN:Dollar may see recovery on rate hike prospects U.S. retail sales and inflation data in focusFind out in our weekly commodity outlook and trading strategy for Gold, Silver, Crude Oil, and base metals.