Weekly Commodity Podcast With Ravindra Rao | 16th Jan 2023

Highlights of this week's Commodity Podcast: • Commodities witnessed solid gains in the previous week. • U.S. inflation print triggered selling in U.S. Dollar and 10-year bond yields. The U.S. Dollar index fell 1.6% in the previous week. • COMEX Gold rose to a nine-month high of $1,925 per troy ounce. • COMEX Silver also closed near a nine-month high of $24.77 per troy ounce amid broad rally in industrial metals. • Both Brent and WTI Crude Oil, closed the week with more than 8% gains, boosted by Chinese demand optimism. • Natural gas prices have plummeted almost 25% since the start of this year, mainly due to the warmest start to winter in 20 years. • In the U.S., the focus will be on retail sales, producer price inflation, whereas in China market participants will be looking for GDP data. • Dollar weakness might persist, as market participants are ramping up bets that the Bank of Japan will exit it’s ultra-dovish stance. #commoditymarkets #commodities #commoditytrading #stockmarket #kotaksecurities #technicalanalysis #podcast